Barriers to development in International trade

IB Economics: Barriers to development in International trade

How do the following act as barriers to development for economically less developed countries - over-specialization on a narrow range of products, price volatility of primary products, inability to access international markets and long-term changes in the terms of trade (HL only).Lesson time: 80 minutesLesson objectives:With reference to specific examples, explain how the following factors are barriers to development...

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