ABSTRACT
A national development program and international coordination are dependent upon each other; and coordination will have to be supplemented by international cooperation and finance. Whether this takes the form of commodity agreements, market guarantees, compensatory payments, trade liberalization or more development aid, barring more dependable export receipts planning may well become tangled up in external constraints beyond redress. For most primary-producing countries, commodity markets are a vital factor in development planning or perhaps fatal, unless external and internal elements can somehow be kept in harness. Limitations of national policy make it imperative to review potential international arrangements among countries comprising the world market as producers and consumers. Imports of the developing areas from the industrial countries of the West would have to grow about twice as fast as their expected exports. Yet, debatable assumptions apart, the exercise suggests a sizable gap between anticipated earnings and export growth needed for development.
