What conclusion can you draw about the level of economic development in countries with different specialization in a commodity chain

Answer 1

Countries that are highly specialized in a specific commodity chain tend to have a more advanced level of economic development compared to countries with less specialization. This is because specialization often leads to increased efficiency, productivity, and competitiveness in that particular sector, driving economic growth and development. Additionally, countries that are deeply integrated into global commodity chains often have access to larger markets, technology transfer, and knowledge spillovers, further boosting their economic development. On the other hand, countries that have limited specialization in commodity chains may struggle to compete internationally and may have a lower level of economic development.