Why is export price instability judged to be a problem for, Macroeconomics

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Why is export price instability judged to be a problem for

Problem

1. Why is export price instability judged to be a problem for the LDCs? Why might it seem more likely to occur for LDCs than for ICs?

2. Why should we be concerned about a long-run deterioration in the commodity terms of trade of the LDCs? How can such a deterioration be related to the concept of immiserizing growth discussed?

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Macroeconomics: Why is export price instability judged to be a problem for

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Macroeconomics: Why is export price instability judged to be a problem for

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