Answer:
The exports of raw materials from farming and fishery play a significant role in the global economy. These exports are important for both developing and developed countries as they generate revenue and create employment opportunities.
In many developing countries, agriculture and fishing are the primary sources of livelihood for a large portion of the population. These countries rely heavily on exporting raw materials such as coffee, cocoa, cotton, rubber, palm oil, and seafood to earn foreign exchange and support their economy. For example, countries in Africa, Asia, and Latin America rely heavily on agricultural exports to generate revenue and create employment opportunities.
On the other hand, developed countries import these raw materials from developing countries to produce value-added products, which they then export to other countries. For example, the United States imports a significant amount of coffee, cocoa, and seafood from developing countries and then processes them to produce value-added products such as chocolate, canned tuna, and coffee beans.
Therefore, the exports of raw materials from farming and fishery are an essential part of the global economy, providing income and employment opportunities to millions of people around the world. These exports not only benefit developing countries but also contribute to the growth of developed economies by providing the necessary raw materials to produce value-added products that can be exported to other countries.
Step-by-step explanation: