Most developing countries entered the postwar period as primary-commodity exporters often controlled by MNCs who kept the profits the exports generated.

Question

Quizplus · Accepted Answer

In the postwar period, many developing countries relied on exporting primary commodities such as agricultural products and raw materials, which were often controlled by multinational corporations (MNCs). These MNCs would keep the profits generated by these exports, further perpetuating the economic dependence of these countries on developed nations.

Most Developing Countries Entered the Postwar Period as Primary-Commodity Exporters