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1 sure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 74259

2 '1 --,, The charts were prepared in the Economics Department under the supervision of George Kalmanoff, Head of the nternational Group. They were formulated in the Comparative Data Division (Emanuel Levy, Chief), nternational Finance Division (J. C. L. Hulley, Chief), and Export Projections and Trade Division (A. J. Macone, Chief), and were drawn in the Graphics Section (Miss Lillian Oldham, Chief). The staff members who devised the charts are Josefina Vial, James McGibbon and Badri Rao assisted by Mrs. K. Hong, and Sha;nsher Singh assisted by Mrs. C. Feil and Miss D. Ryan. September 1968 Andrew M. Kamarck Director, Economics Department These charts have been prepared to furnish a general background on salient economic trends affecting the developing countries to the Governors of the nternational Bank for Reconstruction and Development at their Annual Meeting of The charts focus on highlights in world economic growth, international capital movements, and trade. Data have been drawn from various sources, such as agencies of the United Nations and the Organization for Economic Cooperation and Development, as well as from the BRD itself. PREFACE

3 CONTENTS CHART GROSS NATONAL PRODUCT PER CAPTA OF DEVELOPNG COUNTRES, BY REGON, 196 AND 1966 CHART 2 GROSS NATONAL PRODUCT PER CAPTA OF SELECTED DEVELOPNG COUNTRES CHART 3 GROSS NATONAL PRODUCT PER CAPTA OF DEVELOPED AND DEVELOPNG COUNTRES, 196 AND 1966 CHART ~ WORLD ACCORDNG TO AREA CHART 5 WORLD ACCORDNG TO GDP " CHART 6 CHART 7 WORLD ACCORDNG TO POPULATON GROWTH N WOR~D POPULATON CHART 8 NET FLOW OF FNANCAL RESOURCES TO LESS-DEVELOPED COUNTRES CHART 9 NET FLOW OF FNANCAL RESOURCES FROM MULTLATERAL AGENCES TO LDC'S CHART 1 NET FLOW OF FNANCAL RESOURCES FROM DAC COUNTRES COMBNED N RELATON TO AD TARGETS CHART NET FLOW OF OFFCAL FNANCAL RESOURCES TO LDC'S AND MULTLATERAL AGENCES FROM SELECTED DAC COUNTRES AS A PERCENTAGE OF GROSS NATONAL PRODUCT CH.~RT 12 SHARE OF FNANCAL FLOWS N GNP COMPARED WTH PER CAPTA GNP, 1967

4 .. CHART 13 EXTERNAL PUBLC DEBT OF LDC'S CHART ~ DEBT SERVCE AND EXPORTS OF GOODS AND SERVCES OF LDC'S AS A WHOLE CHART 15 VALUE OF PRMARY COMMODTES AND MANUFACTURES AS A PERCENTAGE OF TOTAL EXPORTS, 195 AND 1966 CHART 16 TRENDS N WORLD EXPORTS OF MANUFACTURES AND PRMARY COMMODTES CHART 17 QUANTUM AND VALUE EXPORT NDCES CHART 18 TERMS OF TRADE CHART 19 SHARE OF DEVELOPED COUNTRES AND LDC'S N WORLD EXPORTS CHART 2 DRECTON OF EXPORTS OF LDC'S AHD OF DEVELOPED COUNTRES, BY VALUE CHART 21 VALUE OF SX MOST MPORTANT COMMODTES (N 196Q-1966) EXPORTED BY THE LDC'S CHART 22 COFFEE PRCE MOVEMENTS CHAP.T 23 WORLD SUPPLY AMD DEMAND FOR COFFEE CHART 2~ MOST DYNAMC COMMODTES (N ) EXPORTED BY THE LDC'S CHART 25 SELECTED COMMODTY PRCES

5 , AFRCA ASA EUROPE LATN AMERCA NOTES: EUROPE includes Cyprus, Greece, Portugal, Spain, Turkey and Yugoslavia. MDDLE EAST includes ran, raq, srael, Sudan and Syria. *Estimated GNP at factor cost_ **Data for developing countries cover 58 countries. SOURCE OF DATA: BRD MDDLE EAST DEVELOPNG COUNTRES** BRD 1 ~ ;x. 2. ~ ~2 3~ ~ -~ ~ ~ \X GROSS NATONAL PRODUCT* PER CAPTA OF DEVELOPNG COUNTRES, BY REGON, 196 AND 1966 (N U.S. DOLLARS OF 1965) : ::: PER 5 5. CAPTA N 1966 PER CAPTA N ~~--- ex During the six years 196Q-1966, average annual per capita income in developing countries as a whole rose, in real terms, by less than $25, i.e., by some$~ per year. The average level for all developing countries is about $17 per annum, but for the large majority of the population in developing countries, e.g., in Asia, per capita annual income is about $1. The largest increase in per capita income has been occurring in the highest income countries. - 4 CHART

6 i The BRD SOURCE OF DATA: BRD GHANA~ J """""""' ~ ~,~----- ~*''ZAMBA """""' -~ UGANDA~ r ~ -~ ~ ~NGERA _/ ~MALAW SEM- LOGARTHMC SCALE j_ ~ --sf J;.., """"!!'= 1 ~--~--~-~so ~-~-~ ~--~-~-~4 ~-+--~-~3 L L ---l L_.J ~ /' \ 3QQ 1, generally clo between level and income is neverth by considerable i ndividual variations, nt experiences of ndia and Pakista n since 196. e.g., the differe se correspondence growth rate of eless accompanied ' 1,...-r 1 8 ~~~-~-~- 6 ~ ~ 14 2, GROSS NATONAL PRODUCT PER CAPTA OF SELECTED DEVELOPNG COUNTRES (GNP AT FACTOR COST N 1964 U.S.DOLLARS)..... ASA AFRCA LATN AMERCA, ~ 2, CHART 2

7 UNTED STATES UNTED KNGDOM *Estimated GNP at foetor cost. **Data for developing countries cover 58 countries. SOURCE OF DATA: BRD GERMANY, FED. REP. FRANCE ~~~~~~ i~,~~~~ :::;n~~,,~~i :; i, = [~~ )... J o =::~==~:.:.~::~;::::: :: : == :~:-:.:. =~:.. _ :. : :.'j.... TALY JAPAN DEVELOPNG COUNTRES** 5 BRD ~ ~;&;.x 1, 1,5,,.;:.;;<f.' "'""" l 12, 1,5 :l During , the increase in the annual per capita income of the principal developed countries exceeded the total average annual per capita income of developing countries as a whole. n the case of the U.S., the increase was several times greater ~ 2,5 GNP PER CAPTA N 196 ~ ~~~~~~\[ 3, GROSS NATONAL PRODUCT* PER CAPTA OF DEVELOPED AND DEVELOPNG COUNTRES, 196 AND 1966 (N U.S. DOLLARS OF 1965) 3,5 3,5 GNP PER CAPTA N ;.. CHART 3

8 BRD SOURCE : United Nations Economic Commission for Africa. D Million Square Kilometers c ~ Arg. B p B Bra. OM Au. EQUATOR Mex. G1Jm--, Cu. c::::j ~Co. ~H j Ve tn ' f----r-- AL nd. M - - r,j ~ K, ~ + El USA China lr. OJ K Alaska [] Ca. USSR WORLD ACCORDNG TO AREA CHART 4

9 = 4.1o 9 s SOURCE: United Notions Economic Commission for Africa. Cu. r:::::j RSA OlJ EJ Ce. D S la lt. nd. r T - 8 T D Fr. 8 Po. Ger.{FR) Chino 'K Ne. UK [] WORLD ACCORDNG TO GOP B Ja. 18RD CHART 5

10 SOURCE: United Nations Economic Commission for Africa. D = Million inhabitants Mex. ~ OJ nd. Po. USA Sp. Fr. S ' USSR China WORLD ACCORDNG TO POPULATON N v J [] K Ja. BRD CJ B B CHART 6

11 ... USSR OCEANA H A RCA NORT ME EUROPE r=~== === === = t~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:::;:;:~:~:~:~:~:::::::~8n::1:j. 2 4 o Depth of bars are proportional to size of current population :. :. :. :. : =.:.: :.:.: = : :. : : :.:.:.:.:.: : : :. :-: : Figures are end 1968 ~ ~;';,..-.o" ~. ~ ~ ~ estimates in millions... SOURCE: The Economist, December 3, 1967 === = = = = = = = = = = == == = = = ==== ===: ===== ==== =~ EAST ASA ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~fill~~~~~~~~~~~w~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ r~ttmr~~mtm~ttttrtt~~ttrtt@ a 9 5 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: Latin America has the highest rate of popu 1 at ion growth. Though the rate is somewhat 1 ower in South Asia, that reg ion is under the greatest popu 1 at ion pressure because of the rate of growth combined with the large size of population. The industrial countries have a minority of the world's population and the lowest growth rates. AFRCA..-rr...-.rr"rrTT "' m ~~~~~~~~~~~~~~~ ~~~~~ ~~ ~~ ~ ~~ ~ ~ ~~~~ ~ ~ ~ ~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~ ~ ~ ~~ ~~~~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~~ ~ ~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~ ~~ ~~ ~ ~~ ~ ~~ ~ ~~~~~~~ ~ ~~~~ ~~ ~~~~~ ~~~~~ ~~~~ lllllilllllilililllilllll iiilil ii liliiliilllll iiililllllliiiliii i ii ilililillilill illliliililililllliililiililiilillilililliilililiiilillllillliili SOUTH ASA ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::' e , , , ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::;:::: :::::::::::::::::::::::::::::::::::::: ; GROWTH N WORLD POPULATON PERCENT NCREASE END END 1968 LATN AMERCA % ; ~. ~. ~... ~ ~. ~. ; ~. ~. ~... ~.;. ~.;.;. ~.;.;.;. ~.;.;.;.;.;.;. ~.;.;.;.;. ~.;.;.;.;. ; ~.;. ~.;.;.;.;. ~.;.;.;.;.; ;.;.; ; ;.;.; ~.;.;.;. ; ;.; ;.; ; ; ; ;. ; ; ; ;. ; ; ; ; ; ; ; ;. ; ; ; ; ; ;.~ ; ; J 2 7 ; ;.; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ;.; ; ; ; 8;.;.;.;.;.;.;.;.;.;.; ; ;.; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ;.; ; ; ; ;.; ;.; ; ; ; ; ; ; ; ; ;.;.;.; ; ; : ;.; ; ; ;..;.;.; BRD CHART 7

12 ) SOURCE OF DATA: OECD ~ E) ~1f.f«fff{:[.}fu/J~?i~fD~)?:\~);~:~~~~~~~~~; :::~~Ji8it/[{{\~~f~~~~~~~~?::?/{:~.;)~~~:)J expand but the flow of bilateral grants and grant-1 ike contributions has decreased. TOTAL NET FLOW OF FNANCAL RESOURCES TO LESS-DEVELOPED COUNTRES (BLLONS OF U.S. DOLLARS) 12r BRD CHART 8

13 CHART 9 NET FLOW OF FNANCAL RESOURCES FROM MULTLATERAL AGENCES TO LDC 's (MLLONS OF U.S. DOLLARS),2 r , r , , 1,2 The BRD Group accounts for almost two-thirds of the flow from all multilateral agencies. l,ooo ~ 1,ooo 8 ~ :::: :.. ::: ::::: :: :.:: f:... :-.-::.. :::.-:.:. :.. ::. :. :::::.-r. :_.-_::::::_.:.c. _:: :_::..---.~ -.:.-.~. J 61 ::: )ix~{i!))j\\\\#ii!jtwjj,j!})~v.,~~;~c~ gjjfti~~;~m,mii~i)iffiffi.wfii~\);;;iii:;~;;;;;~},'?:..., DA SOURCE OF DATA: OECD and BRD BRD

14 NET FLOW OF FNANCAL RESOURCES FROM DAC COUNTRES COMBNED N RELATON TO AD TARGETS RESOURCE FLOW TO LDC's AND MULTLATERAL AGENCES, NET OF REPAYMENTS OF PRNCPAL (BLLONS OF U.S. DOLLARS) ~ 25 CHART 1 Since 1962 the net flow hds fallen short of the aid target of 1% of National ncome. The short-fall is even more pronounced in r~lation to GNP ~ % OF GROSS NATONAL PRODUCT h' ~ _/_.-/ , ,, - -,, % OF NATONAL NCOME... _, ~ ! PRVATE 5r--- ~ r ~5 PUBLC SOURCE OF DATA: OECD BRD

15 .6.2 BRD SOURCE OF DATA: OECD The flow of official resources subject to direct governmental... product for most of the principal donors, but has been ""'-... control has been dec! ining in relation to gross national ~,~GERMANY... ~' --...:: increasing for the smaller donors....,....2 ~~,... U.K. y ~.,.,,. ' '., /FRANCE.,....._. -..._ to.,... U.S.... """"' ~ -..., ~ ~ ~ ~--- ~...,."'= _ - OTHER DAC ~' NET FLOW OF OFFCAL FNANCAL RESOURCES TO LDC's AND MULTLATERAL AGENCES FROM SELECTED DAC COUNTRES AS A PERCENTAGE OF GROSS NATONAL PRODUCT (PERCENT) 1.6 CHART

16 ~hi ~ ~ ~ ~A ~ f'~${/~4) ~ ~h:l ~ ~ ~ ~ ~ ~ ~ ~hi ' z (.!) - ~ C/) C/) : w L&..: z 1- <[ u <[...J <[ z...j <[ 1- <[...J >- :;:: ::...J w (.!) :: z ~ w <[ z <[ u ::::> w <[ ::::> N z...j :: z 1- ::z::: ~ w (5 1- <[ <[ 1- <[ :: 1- :: 1-...J i <[ C/) ~ <[ >- :: JJ ~ <[ <[ w 1- <[ ~ 3: :!!: a.. 1- C/) 1- JJ C/) z :: z :: w w z w <[ ::::> z ~ ::::> <[ <[ w LL a.. z (.!) ::::> CD C/).., 1- <[ ::::> CJ) <[ u!:: z SOURCE OF DATA: OECD BRD $1, $, $2, $2, $3,r ~ i $3, V///11 V//h1 V/L/4 V //A V//A V// 41 l'i7'1"t11 V///!1 V///A V///11 W//1 WJZ W/fl 1'////J V///.1 [////4 ~ $ 4, $ 4, PER CAPTA GNP.2 /o /J t "-'i'il t;~~~~l" 1.2o/o.4 /o /o.6 /o ~ ~.6%.So/o ~~~~~ ~.So/o.Oo/o.Oo/o SHARE OF FNANCAL FLOWS N GNP COMPARED WTH PER CAPTA GNP, o/o. 4 o/o OFFCAL+PRVATE FLOWS AS A o/o OF GNP 1.2 /o ~ j 1.2% CHART 12

17 SOURCE OF DATA: BRD BRD * Cyprus, Greece, Malta, Spain, Turkey and Yugoslavia (JUNE) ~,">,':',':',',">,',',',',">,">,'>,'>,','' 'J' '-,'>,'>,'>,~~'\ ''' '''''' ~~~"'"'"'"'"' "'"'"'~~ r ~.:::~.:::~~=:~ ; : :~~i~~~~~~~~~~~ Since 1961 the outstanding indebtedness of LDC's has almost doubled. EXTERNAL PUBLC DEBT OF LDC's DEBTS OF LDC GOVERNMENTS, OR GUARANTEED BY THEM, OF MATURTY EXCEEDNG YEAR, NCLUDNG UNDSBURSED, AS OF DECEMBER 31 EACH YEAR (BLLONS OF U.S. DOLLARS) 5 5 CHART 13

18 BRD SOURCE OF DATA: BRD 1961 SEM-LOGARTHMC SCALE """""""" 2 3 DEBT SERVCE~ ~~ DEBT SERVCE AND EXPORTS OF GOODS AND SERVCES OF LDC 's AS A WHOLE (BLLONS OF U.S. DOLLARS) Debt service payments for LDC's as a whole have grown somewhat faster than earnings from exports. -~ t------~~~~~------~4 CHART 14

19 NOTE: Data exclude exports from LDC's and developed countries to Sino-Soviet Bloc. SOURCE OF DATA: UN. TOTAL:$ BLLON ~ n contrast to develo~ed countries, LDC's are heavily dependent on exports of primary commodities although the share of manufactures in LDC trade is rising gradually. The share of primary commodities in developed countries' exports is shrinking although these products retain a significant minority position. X v MSCELLANEOUS 2.% TOTAL:$ 35.7 BLLON MSCELLANEOUS 1.9% ~-::. v <X MANUFACTURES 71.5% PRMARY COMMODTES 39.7% /?\i ~&=-MANUFACTURES 58.3% DEVELOPED COUNTRES TOTAL: $ 36.6 BLLON TOTAL: $18.3 BLLON PRMARY COMMODTES 88.2% MSCELLANEOUS.4% MSCELLANEOUS.1% MANUFACTURES 19.4% 195 LDC's 1966 VALUE AS A OF PRMARY COMMODTES AND MANUFACTURES PERCENTAGE OF TOTAL EXPORTS, 195 AND 1966 BRD CHART 15

20 NOTE: Data exclude all Sino-Soviet Bloc trade. SOURCE OF DATA: UN BRD SEM- LOGARTHMC SCALE l_ _l 196 _L_ L ' ' ]~---t t------~ L---J ,, -"' _,, _,, 'Z 5 4.,.. PRMARY COMMODTES MANUFACTURES TRENDS N WORLD EXPORTS OF MANUFACTURES AND PRMARY COMMODTES (BLLONS OF U.S. DOLLARS) n a ower rate than the growth i n exports of man uf actu res. The growth 'in exports of primary commodities has been at 9c====-----~ t t ~ ~~ jl CHART 16

21 SOURCE OF DATA: UN BRD u j LLJ '38 ' ~ r ~ ~ ~----~5 LDC's QUANTUM VALUE 1 3f-- f-- 25Qf-- f-- 2t-- f f-- f /.,..... '.. -"".....~.... till"""""' -.~~.. DEVELOPED COUNTRES QUANTUM~, -' VALUE ~ --._._. ~.: ;..~~~------~ ~---=.. ~~~ J25 rl f f-- 35Qf-- f-- The quantum of total exports of developed countries has been rising faster than the quantum of total exports of the LDC's; the difference is even more marked in the value of exports because the prices of developed countries' exports have gradually risen in relation to the prices of LDC exports QUANTUM AND VALUE EXPORT NDCES ( 195 = 1) 4511l ~ ~~--~--~~--~--~~--~--~--~~--~--~~--~--~~45 CHART 17

22 SOURCE OF DATA: UN BRD '38 ~ ] 75 7 ' Since 1955 the terms of trade of the LDC's have worsened while those of the developed countries have improved. 8 ', ---- ~ "' ' ' ' '-.,#'... LDC's~..., DEVELOPED COUNTRES 11 TERMS OF TRADE (NDEX, 195 = 1) CHART

23 75 SHARE OF DEVELOPED COUNTRES AND LDC's N WORLD EXPORTS (PERCENT OF WORLD EXPORTS) ~~--~--~~--~--~~--~--~~~~--~--~~--~--~~75 CHART 19 7 r r ~----~7 ;...: ~ ~ '\ DEVELOPED COUNTRES ~ ~ ~----~--~ ~----~6 ~ ~ ~----~35 ' ' ' ' ~ , 25 Share of the developed countries in world exports has been expanding whereas that of the LDC's has been declining / ~ LDC's ~ ~ ~----~ 15 LLJ, SOURCE OF DATA: UN BRD

24 SOURCE OF DATA: UN BRD '38 L l---~--~--~--~----~--~---l---~--~--~----~--~--~--~--~--~ ' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-"'~...!... ~ ~ ~FROM LDC's TO LDC's ~ 1 3 FROM DEVELOPED TO DEVELOPED~... / r ~ r ~~------~----~3 FROM DEVELOPED TO LDC's n.,.,.,,.,,... 4 Trade among developed countries has been increasing more rapidly than their trade with the LDC's. Trade among LDC's has been growing slowly. ~,,,, /" ~, 4 DRECTON OF EXPORTS OF LDC's AND OF DEVELOPED COUNTRES, BY VALUE (NDEX, 195 = ) 5~ ~ ~~~~~~~-~~~~~--~~~--~~~~~~5 CHART 2

25 CHART 21 VALUE OF SX MOST MPORTANT COMMODTES (N ) EXPORTED BY THE LDC's (BLLONS OF U.S. DOLLARS) 12 Of the most important commodities in the export trade of the LDC's only petroleum has experienced a rapid rate of increase. 1 ~ ~ ~~--~ ~~ _.::h--._ '"--- _..,,..,-14 L-, j, ~ :.. ~ 3f... -.,..-...:'1" ~ 2,... a:-..: l _, ,., SOURCE OF DATA: BRD BRD

26 SOURCE OF DATA: Pan American Coffee Bureau BRD 3r ~ ~ ~ o (JAN.- JUN.) 5~ ~ ~----~ ~ ~5 4 r Coffee, the second most important commodity (after petroleum) exported by the LDC's, experienced a sharp price decline after the post-war peak of 195ij. Various producers' agreements in had only 1 imited success in decelerating price declines. The nternational Coffee Agreement of 1962 has succeeded in sustaining prices through its export quota mechanism. NTERNATONAL COFFEE AGREEMENT OF 1962 NTERNATONAL COFFEE AGREEMENT OF ~ i 4 PRODUCERS' NTERNATONAL COFFEE AGREEMENT so~ ~----~ ABORTVE RO AGREEMENT ESTABLSHMENT OF COFFEE STUDY GROUP LATN AMERCAN COFFEE AGREEMENT --j r ~ ~6 7~ ~~--~----~-- --~ ~7 AGREEMENT OF MEXCO (7 LATN AMERCAN PRODUCERS) 8 COFFEE PRCE MOVEMENTS SANTOS NO. 4, SPOT NEW YORK (CENTS PER POUND) SO CHART 22

27 BRD SOURCE OF DATA: United States Deportment of Agriculture. Q '46/47 '47/48 '48/49 '49/5 '5/51 '51/52 '52/53 '53/54 '54/55 '55/56 '56/57 '57/58 '58/59 '59/6 '6/61 '61/62 '62/63 '63/64'64/65 '65/66 '66/67 ~67/68 COFFEE YEAR ENDNG SEPTEMBER ,,, ~~....,, 1 3.~ EXPORTABLE 7 i\.. i\ 8 f Since 1955/56, world exportable production has usually exceeded export demand and surpluses have been piling up. World producer stocks, mostly held in Brazil, now average about one and one-half 7,, 8 years' of world export demand. YEAR-END,,.. '"""" ',... STOCKS~ ' WORLD SUPPLY AND DEMAND FOR COFFEE (MLLON BAGS 9 9 ~-,------,----,------,- CHART 23

28 ~ en a::: <X...J...J en ::> LL. en z...j...j ::E SOURCE OF DATA: BRD 2, ~FSHMEAL... (~LEFT SCALE) '=---±---=t---t---r----r---,..-~ / 18 / ~.., ~. ~ t =~~~~::=---~~~~~~===:~~~::~~~~~~=:j/7~ ,_ LEFT SCALE} ~ _. 4 r, /,.,.4\,,,... :~::::-::::... l "' '. " "' '.. "'... TMBER~- / (~LEFT SCALE!) ~/ / -. RON ORE -:---.. ).... ~:':'.::., / /. 6, 14,...,._~ ,...'»..", '" 2 ~--... o.,... ] "' :3. -~ ". -"", r f jc i 1 LDC commodity exports which have experienced the most dynamic growth (in value) in post-war years are: petroleum, timber, iron ore, bauxite, maize, and fishmeal. MOST DYNAMC COMMODTES (N ) EXPORTED BY THE LDC's, , ,-~ , , r ~, 12 BRD r r )> ::: (/) ~ (/) "TT m r r z (/) CHART 24

29 li yr NOTE: ndex constructed by BRD Export Projections and Trade Division; weights based on LDC exports. BRD (JAN-JUN) 9~ ~ ~ ~~~ ~9 14 / \ ~ OO~.iUEZ -... ' - METALS AND ORES l, i TOTAL NDEX (NCL. PETROLEUM) v, FOOD~ / 113 ~ ' '... l lfl#' ~- - ' / _ l, ~ '==-=- :,t:-:::::j. -~ / ~ 1 15~ ~ ~------~------~--~ ~ n prices of metals exported by the LDC's have been relatively strong while prices of agricultural raw materials have been declining. 16 SELECTED COMMODTY PRCES (196-62= 1) 17~----~----~------~----~------~----~----~----~ 17 CHART 25