ABSTRACT

All trade, including microtrade, can take place only when there is a demand for goods to be supplied in trade. As recounted in Chapter 1, the tapestry shop owner knew when he saw the beautiful tapestries that there would be a demand for them in Minneapolis and a profit to be made. However, it is generally difficult to expect retailers in developed countries to visit LPP 1 producers in LDCs, purchase LPPs, and then ship them for sale in a developed-country market, as happened with the tapestry shop owner. A mechanism that links the market information in developed countries and LPP suppliers in LDCs is necessary. For microtrade to be feasible, relevant market information must be conveyed to LPP producers in LDCs.