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To ensure this, we must look beyond reliance on primary commodity exports and natural resources.
(The word "mechanical" derives from the days when player-piano rolls were the primary commodity of the nascent record business).
But his value to the Yankees' organization, whose primary commodity is its legacy, is being a caretaker.
Compensatory financing refers to international financial assistance to a country whose export earnings have suffered as a result of a decline in primary commodity prices.
It has been mainly driven by the primary commodity price boom, fuelled by the rapid growth in resource-hungry China (with the end of civil war in some countries lending a helping hand).
In the 1950s most developing countries were primary commodity exporters, relying on crops and minerals for the bulk of their foreign-exchange earnings through exports, and importing a large number of manufactured goods.
Similar(34)
Or more support for developing countries to diversify away from reliance on export of primary commodities?
Exports may include primary commodities, but manufactured products increasingly form part of the mix.
The prices of primary commodities traded in world markets declined even more dramatically during this period.
As a result, the terms of trade declined precipitously for producers of primary commodities.
And local manufacturing remains dominated by the processing of palm oil and other primary commodities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com