Increasing Latin America’s Trade Presence in the World Economy
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چکیده
In the last twenty years world trade has expanded dramatically, growing at an average rate of 6%, twice the rate of world GDP. Developing countries have increased their role as world players, now representing approximately 1/3 of world trade. Trade among developing countries has also increased conspicuously: 40% of developing country exports now go to other developing countries. Furthermore, developing countries have progressively been moving out of resource-based exports and into manufactures and services.
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