Which trade strategy have developing countries used to replace commodity exports with exports such as processed primary products, semi-manufacturers, and manufacturers?
A) multilateral contract
B) buffer stock
C) export promotion
D) export quota

Question

Quizplus · Accepted Answer

Developing countries have used export promotion as a trade strategy to replace commodity exports with higher value-added products such as processed primary products, semi-manufacturers, and manufacturers. This strategy involves government policies and programs designed to encourage and support the growth of export industries through subsidies, tax incentives, and other forms of support.

Which Trade Strategy Have Developing Countries Used to Replace Commodity