Developing countries complain that the current


Developing countries complain that the current international trade practice doesn’t reward the developing countries due to the worsening terms of trade of primary products that are exported mainly from developing to developed countries. In response to such situation, it is suggested that developing countries create cartel in order to control the price of their exportable primary products. What are the challenges of such trade policy?

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Business Economics: Developing countries complain that the current
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