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Books > Business & Economics > Economics > International economics > International trade > Trade agreements & tariffs
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The Trade Trap - Poverty and Global Commodity Markets (Paperback, 2nd Revised edition)
Loot Price: R633
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The Trade Trap - Poverty and Global Commodity Markets (Paperback, 2nd Revised edition)
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This work explains how countries that depend on the export of
primary commodities, like coffee or cotton, are caught in a trap:
the more they produce the lower the price falls on the
international market. If they try to add value to their commodities
by processing them, they run into tariff barriers imposed by the
rich industrialized nations. To make matters worse, they have to
compete with subsidized exports dumped on the world market by rich
surplus-product countries. This edition contains an additional
chapter which reports on the outcome of the Uruguay Round of the
General Agreement on Tariffs and Trade (GATT) and the creation of
the new World Trade Organization. It examines the impact of rapid
economic liberalization on the livelihoods and natural environments
of poor communities and recommends ways in which trade could be
regulated to protect their rights. The book explains the
complexities of the world trade system and examines what poor
countries can do about the trap in which they find themselves.
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