Marginalization of LDCs and Small Vulnerable States in World Trade
This chapter attempts to explain marginalization for LDCs and SVS in merchandise exports in terms of falling share of agricultural products in total global exports, and in terms of world export-GDP ratio. The study establishes a valid long-run statistical relationship, indicating that these factors explain about 91% and 85% variation in the declining share of LDCs and SVS, respectively.
Keywords: marginalization, merchandise exports, agricultural products, global exports, export-GDP ratio
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