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Economics, Politics and Ethics of Primary Commodity Development |
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The poorest countries depend preponderantly on a limited number of
agricultural commodities for exports, employment, income, government
revenues, savings, and Investment. In these economies a small
percentage change in the output or prices of these major commodities
has a large macroeconomic effect, in contrast to nontraditional
commodities or services which typically play a small role in the
economy.
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