Why has balance of trade for developing countries continues to worsen despite the strong and persistent external stabilization efforts?
- Increased importation of oil products at very high prices
- Exportation of low value exports such as raw materials
- Low export base due to limited external market
- Increased demand for luxuries such as cars
- Increased demand for capital goods necessary for industrialization
- Falling prices of agricultural products on world market
- Low quality export products
- Trade restriction on Uganda’s exports by MDCs
CATEGORIES Economics
TAGS Dr. Bbosa Science
