Conclusions
Using statistics on developing country exports of the component products of key processing chains, this study found that the value of these shipments increased considerably over the period 1964–1974. Further, this increase was accompanied by some deconcentration as LDC exports are now composed of higher percentages of semi-finished and manufactured goods. However, the trade data also reveal an erosion of developing country market shares which produces a sizable annual loss in foreign exchange earnings. While further research aimed at identifying factors leading to the declining market shares should receive high priority, the magnitude of the associated trade loss indicates the potential dangers of neglecting traditional exports.
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Yeats, A.J. Recent changes in developing country exports. Weltwirtschaftliches Archiv 115, 149–165 (1979). https://doi.org/10.1007/BF02696349
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DOI: https://doi.org/10.1007/BF02696349