Open Agricultural Markets and Trade Foster Development of LDC's
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Small economies with a narrow resource base need open international trade more than a large country with a wide range of resources. This paper discusses the role of open markets and trade in development of LDC's. It emphasizes the importance of constitutional law that guarantees basic freedoms of choice as the foundation of open market systems. Governments most useful role in development is to provide essential public services and infrastructure and to provide the legal and economic environment for opportunity, incentives and innovation. 1991 Taylor & Francis Group, LLC.