ABSTRACT
This chapter focuses on the structural aspects of Third World trade which are related to policies of the industrialised countries governments, and to the activities of transnational corporations based in these countries. It considers the emerging trends in intrafirm exports from developing countries on a more disaggregated basis. There have indeed been many major changes in the Third World's place in the international economy in recent years, some of which raise new policy issues and concerns for those contemplating its future. Commodity compositon of trade is only one dimension of the structural change which has taken place in the world markets which are of greatest concern to developing countries. The most striking fact about the evolution of post-Second-World-War international trade is its phenomenal real rate of growth. The primary commodity exports from the Third World are being sold increasingly outside the closed channels of the transnational corporations, manufactured exports from developing countries seem to be growing disproportionately quickly inside them.
