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Developing Countries in the World Trading System - The Uruguay Round and Beyond (Hardcover, illustrated edition)
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Developing Countries in the World Trading System - The Uruguay Round and Beyond (Hardcover, illustrated edition)
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Experience suggests that trade liberalization has contributed
substantially to the remarkable growth of industrialised countries.
However, for various reasons many developing countries have not yet
been able to integrate successfully into global markets and reap
the growth-inducing and poverty-reducing benefits of trade. This
book argues that while developing countries are heavily represented
in the WTO - accounting for about four-fifths of its membership -
there is still plenty of scope for the world trading system to work
more effectively in their interests. The book examines the
achievements of the Uruguay Round of trade negotiations in
reforming the world trading system and the challenges to future
reforms. It begins with an overview of the genesis of the world
trading system and moves on to examine the key issues as they
relate to developing countries. These include further
liberalization of agricultural trade; abolition of the Multifibre
Arrangement; environmental and labour standards; competition
policy; regional integration in South East Asia; and the
implications for developing Asian countries of the liberalization
of the Chinese economy and its WTO membership. Furthermore, the
book discusses the links between trade liberalization and poverty
reduction - drawing on the experience of Asian countries - and puts
forward arguments on how trade liberalization could effect a
greater reduction in poverty. This is a timely and succinct
presentation of the critical issues relating to the world trading
system in the context of developing countries in general, and
Asia-Pacific countries in particular. It will interest and inform a
wide readership including scholars and students of development and
international economics, and practitioners and policymakers
concerned with international trade issues and global trade
relations.
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