Trade cannot be an engine of growth for today's developing nations because:

Name: Trade cannot be an engine of growth for today's developing nations because:
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Question

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Developing nations often rely on exporting primary products or low-value added goods, which tend to have a low income elasticity of demand. This means that as incomes rise in other countries, demand for their exports may not increase proportionally. Therefore, trade may not necessarily result in significant economic growth for these nations.

Trade Cannot Be an Engine of Growth for Today's Developing