Developing countries (or LDCs) tend to have a ratio of manufactured goods exports to total exports that is __________ than the corresponding ratio for high-income countries, and the LDCs also tend to have a __________ degree of commodity concentration in their exports than do the high-income countries.

Question

Quizplus · Accepted Answer

Developing countries tend to have a lower ratio of manufactured goods exports to total exports compared to high-income countries, as they often rely on exporting primary commodities such as agricultural products or raw materials. Additionally, developing countries tend to have a higher degree of commodity concentration in their exports, as they may have limited diversity in their economies and production capabilities.

Developing Countries (Or LDCs) Tend to Have a Ratio of Manufactured