Developing nations can boost prosperity by diversifying trade partners
The article discusses how trade direction affects the performance of developing countries. It looks at trade between these countries, focusing on whether trade should be different in various directions and if these differences are seen in reality. The paper also examines how trading partners' policies influence trade direction and whether South-South trade benefits developing countries. The conclusion suggests that while South-South trade doesn't show clear advantages over South-North trade, developing countries can benefit from policies that promote trade in all directions.