Balance of payment in international trade does not favour developing countries because

Balance of payment in international trade does not favour developing countries because

Answer Details

The answer is 2 Most of their export are raw materials, Developing countries often depend on the developed countries to produce their raw material into finished product hence they tend to pay more when raw materials are processed and imported back. Bargaining power has little or no effect on international trade as most international deals with exchange of product. African countries most cases request for manufactured goods they needed rather than been paid