Foreign Trade Enables Under-Developed Countries to Overcome Poverty

Underdevelopment is synonymous to a low level of industrialization. Developing countries, main countries in sub-Saharan Africa, Asia, and South America, are known to be major producers of raw materials and ores such as cocoa, coffee, rubber, uranium, iron, diamond, and gold. However, the low level of industrialization of these countries does not allow them to transform these raw materials and ores on the spot. They are therefore not as useful since they cannot be consumed locally and local manufacturers do not have the capacity to manage the entire flow of material to transform. 

In this context, the export of these raw products to the industrialized countries seems to be an alternative. In fact, the export of raw materials brings much less money to the country than the export of processed or semi-finished products. But by doing so, small local producers are guaranteed a way to finance their next crop year and provide for their needs. 

Most developing countries are producers of raw materials. And most areas of production or extraction of these raw materials are rural areas. The only resources these populations have are the revenues from the sales of their production abroad. 

International trade is, therefore, an excellent way to fight against poverty, provided that the revenue generated is equitably distributed among the various actors because some are sometimes forgotten in the sharing of the cake. 

Export Portal makes it easy for these small, local producers to create new relationships and start trading internationally with new, interested buyers. With a guaranteed source of income, these local producers have the opportunity to expand and gain more success than they would have access to without Export Portal. 

Whether you’re an exporter just starting out or you are an importer looking for new sources for your goods, look no further than Export Portal. Register on our platform today and join the international trade revolution!