THE PAKISTAN DEVELOPMENT REVIEW
International Trade in Cotton Textiles and the Developing Countries: Problems -mid Prospects. Report by the UNCTAD Secretariat. New York: United Nations. 1974.
Foreign exchange is one of the major constraints to the growth of the -developing economies. However, demand for primary commodities—main exports of the developing economies—is inelastic. Moreover, the developed countries have put restrictions on imports, from developing countries, of manufactured products in which the latter have comparative advantage, e.g., cotton textiles. The Report under review studies the problems of exports from the developing countries in considerable details.