EVER SINCE THE SIGNING OF THE GATT AGREEMENT, LESS-DEVELOPED-COUNTRIES (LDCS) HAVE BEEN ENCOURAGED TO FOCUS ON TRADE AS THEIR ROUTE TO ECONOMIC GROWTH AND DEVELOPMENT

Ever since the signing of the GATT agreement, less-developed-countries (LDCs) have been encouraged to focus on trade as their route to economic growth and development. What has been the history of the controversy surrounding this advice, and where are we now in terms of acceptance of and adherence to this free-market-oriented strategy?
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