ABSTRACT

As discussed throughout this book, microtrade is essentially a mechanism to support development in LDCs through the creation of a mechanism, structure, and organization that will facilitate small-scale international trade from LDCs into more developed markets. Microtrade facilitates this through leveraging the lower labor costs in LDCs, demand in more developed markets, and through collaborative and voluntary efforts to minimize the costs of shipping and other barriers to such small-scale trading ventures. 2