Manufacturing goods

Letters

WHILE our succeeding governments have been and are emphatically giving priority to the agriculture sector, the Government also needs to seriously look into manufacturing.
There has been concern that international trade could operate against the interests of developing countries.
Influential studies published in 1950 by the Argentine economist Raul Prebisch and the British economist Hans Singer suggested that there is a tendency for the prices of agricultural products to fall relative to the prices of manufactured goods; turning the terms of trade against the developing countries and producing an unintended transfer of wealth from them to the developed countries according to Wikipedia.
PNG cannot continue to become a looser when it comes to international trade.

Joram Kukuve Seth
Goroka