TITLE

TRADE AND THE LESS DEVELOPED AREAS

AUTHOR(S)
Butler, William
PUB. DATE
January 1963
SOURCE
Foreign Affairs;Jan1963, Vol. 41 Issue 2, p372
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article examines the importance of international trade for the less developed nations. Its relevance is indicated by the fact that it frequently accounts for 20 percent or more of their total economy as against eight percent for the economy of the U.S. Indeed, trade is much more necessary to them than aid. Despite these facts, very little is being done either within the less developed nations or through various aid programs to encourage their exports. In fact, there is a disturbing trend toward policies which actively work in the opposite direction. Unless these nations can expand their trade, they cannot achieve their aspirations for accelerated development and for a rapid growth in living standards.
ACCESSION #
14711071

 

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