Escaith, Hubert; Tamenu, Bekele - 2013 - Manuscript date: November 27, 2013
Notwithstanding some progress in market and product diversification - including services - LDCs remain particularly vulnerable to external shocks. With the exception of 2006-2008, the LDCs as a group have systematically recorded a trade deficit. The 2008-2009 global crisis and the bumpy recovery...