| The exact magnitude of dependence that many developing countries have on commodities export is not well understood, but the latest edition of UNCTAD’s ‘State of commodity dependence 2014’ aims to fill this gap.
A country is considered ‘commodity dependent developing country’ (CDDC) when its commodity export revenues contribute to more than 60 per cent of its total good export earnings, according to the report. In the case of Pakistan, the report said commodity exports as a percentage of GDP remained at 2.8 per cent as compared to 2.9pc in the past..........................................Full Article: Source
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