1887

Protectionism: Threat to International Order

The Impact on Developing Countries, Selected Working Papers Prepared for a Commonwealth Group of Experts

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A Note on Tariff Escalation

Commodity exports are of primary importance to developing countries: in 50 of them the share of commodities in total exports averaged 89 per cent (1980). Increased domestic processing of commodities could therefore be considered prima facie as a potentially important source of domestic income, employment and foreign exchange. The expansion of these activities depends on several factors; the escalation of tariffs with the degree of processing remains an important constraint.

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