What has happened to terms of trade for tropical commodities


Problem

How did the movement in the terms of trade in the nineteenth century lead to the widely held view that a primary product export economy was both desirable and, in some sense, good economics? What has happened to the terms of trade for tropical commodities in the twentieth century? How does this affect the conclusion that a primary product export focus can contribute to economic development?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What has happened to terms of trade for tropical commodities
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