Why are Least Developed Countries (LDCs) hesitant to promote development by exporting primary commodities?

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Explanation

LDCs are reluctant to rely on primary product exports for development because these commodities often experience a downward trend in prices and significant volatility in their real values, making export earnings unpredictable and risky.

Why are Least Developed Countries (LDCs) hesitant to… — The International Economy And Globalization | PakQuizHub