Commodities and Economic Diversification
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A large number of developing countries, mostly Sub-Saharan Africa and Least Developed Countries (LDCs) heavily depend on a narrow range of traditional agricultural commodities or minerals and few markets for the bulk of their export earnings. Higher-value and processed goods make a very small share of the exports for these countries. Millions of people in these countries depend on the production of primary commodities, often dominated by subsistence farming for livelihood.
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