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 strategy to replace commodity exports with exports such as processed primary products, semi-manufacturers, and manufacturers. Export promotion strategy involves promoting and supporting the growth of non-traditional exports through various measures such as providing financial incentives, infrastructure development, and trade agreements. This strategy aims to diversify the export base of developing countries and reduce their dependence on commodity exports. Multilateral contract, buffer stock, and export quota strategies are not directly related to promoting non-traditional exports.

Which Trade Strategy Have Developing Countries Used to Replace Commodity