A Note on the Structure of Pakistan's Foreign Trade

Joseph Stern
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Joseph Stern: Harvard University

The Pakistan Development Review, 1969, vol. 9, issue 2, 212-223

Abstract: Developing countries general1y are not only concerned with the level of their export earnings but also with the commodity and geographic composition of exports, and, to a lesser extent, of imports. Concern over a high degree of commodity structure in exports is usually based on its presumed association with adverse price movements. A more diversified export commodity structure will reduce the impact on the overall level of foreign-exchange earnings from price fluctuations in any particular commodity. While concentration on a few commodities need not be identified with being a primary commodity exporter, for many developing countries a high degree of commodity concentration is often correlated with the exports of primary commodities [6 ; 9].

Date: 1969
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