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Developing Countries And World Trade
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Book Synopsis Self-Enforcing Trade by : Chad P. Bown
Download or read book Self-Enforcing Trade written by Chad P. Bown and published by Rowman & Littlefield. This book was released on 2010-02-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization—backbone of today's international commercial relations—requires member countries to self-enforce exporters' access to foreign markets. Its dispute settlement system is the crown jewel of the international trading system, but its benefits still fall disproportionately to wealthy nations. Could the system be doing more on behalf of developing countries? In Self-Enforcing Trade, Chad P. Bown explains why the answer is an emphatic "yes." Bown argues that as poor countries look to the benefits promised by globalization as part of their overall development strategy, they increasingly require access to the WTO dispute settlement process to protect their trading interests. Unfortunately, the practical realities of WTO dispute settlement as it currently stands create a number of hurdles that prevent developing countries from enjoying the trading system's full benefits. This book confronts these challenges. Self-Enforcing Trade examines the WTO's "extended litigation process," highlighting the tangle of international economics, law, and politics that participants must master. He identifies the costs that prevent developing countries from disentangling the self-enforcement process and fully using the WTO system as part of their growth strategies. Bown assesses recent efforts to help developing countries overcome those costs, including the role of the Advisory Centre on WTO Law and development focused NGOs. Bown's proposed Institute for Assessing WTO Commitments tackles the largest remaining obstacle currently limiting developing country engagement in the WTO's selfenforcement process—a problematic lack of information, monitoring, and surveillance.
Book Synopsis Reshaping Global Value Chains in Light of COVID-19 by : Paul Brenton
Download or read book Reshaping Global Value Chains in Light of COVID-19 written by Paul Brenton and published by World Bank Publications. This book was released on 2022-03-01 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries. This book examines the impact of the COVID-19 pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The report reviews previous crises and what these tell us about the resilience of GVC firms to shocks. It examines the observed impact of COVID-19 on trade during the sharp global recession of 2020. It summarizes discussions with GVC firms on the impacts of, and their responses to, the COVID shock. GVCs showed surprising resilience, but the rapid recovery raised new issues with supply chains. The book then explores simulations from a global economic model of the potential longer-term impacts of COVID-19 on developing countries and other key factors shaping the global economy, including the evolving role of China, increasing trade restrictions and policy responses to global warming. The analysis shows that while there are risks associated with GVCs, especially those concentrated around key nodes and where opportunities to find alternative suppliers or buyers are limited, there are mechanisms by which GVCs maintain trade relationships during a crisis, paving the way for a strong trade-led recovery. Measures are identified that can enhance the resilience of GVCs in low-income countries. This report finds that policies that maintain and enhance trade can contribute toward crisis management and recovery. Attempts to reshore production would make all countries worse off, including those that implement them, and could drive 52 million people, mainly in Africa, into extreme poverty. Measures to meet climate change commitments will have more profound impacts, leading to a shift away from carbon-intensive GVCs, while new opportunities for trade will arise in GVCs that are less carbon intensive.
Book Synopsis World Development Report 2020 by : World Bank
Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
Book Synopsis WTO Law and Developing Countries by : George A. Bermann
Download or read book WTO Law and Developing Countries written by George A. Bermann and published by Cambridge University Press. This book was released on 2011-08-18 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining developing countries within the WTO, it's easy to see there is a disconnect between what was expected from the WTO and what is actually being done for the developing countries. This book examines the different aspects of law within the WTO and how the developing countries are reacting to the Doha Developmental round, which took place after the September 11th attacks. This book also examines the differences between what the developing countries require and what they expect from the WTO which is not homogenous.
Book Synopsis Developing Countries and World Trade by : Yılmaz Akyüz
Download or read book Developing Countries and World Trade written by Yılmaz Akyüz and published by Zed Books. This book was released on 2003-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased participation in world trade is conventionally seen as the key to economic growth and development. Yet, as this book shows through its detailed examination of world trade patterns over the last 20 years, while developing country exports have grown faster than the world average, the rich countries have meanwhile increased their share in world manufacturing valued added. This poses the vitally important policy challenge of what poor countries, confronted by the vigorous expansion of their foreign trade but no comparable rise in income, should do. Primary commodity prices have collapsed in value, and there is a real danger that the terms of trade for their exports of manufactured goods may do the same. The key challenge confronting poor countries today is not more trade liberalization on their part, but how to improve the terms of their participation in world trade and to increase the still limited and unstable benefits they derive from it.
Book Synopsis Democracy and Trade Policy in Developing Countries by : Bumba Mukherjee
Download or read book Democracy and Trade Policy in Developing Countries written by Bumba Mukherjee and published by University of Chicago Press. This book was released on 2016-06-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s, two major trends have emerged among developing countries: the rise of new democracies and the rush to free trade. For some, the confluence of these events suggests that a free-market economy complements a fledgling democracy. Others argue that the two are inherently incompatible and that exposure to economic globalization actually jeopardizes new democracies. Which view is correct? Bumba Mukherjee argues that the reality of how democracy and trade policy unravel in developing countries is more nuanced than either account. Mukherjee offers the first comprehensive cross-national framework for identifying the specific economic conditions that influence trade policy in developing countries. Laying out the causes of variation in trade policy in four developing or recently developed countries—Brazil, India, Indonesia, and South Africa—he argues persuasively that changing political interactions among parties, party leaders, and the labor market are often key to trade policy outcome. For instance, if workers are in a position to benefit from opening up to trade, party leaders in turn support trade reforms by decreasing tariffs and other trade barriers. At a time when discussions about the stability of new democracies are at the forefront, Democracy and Trade Policy in Developing Countries provides invaluable insight into the conditions needed for a democracy to survive in the developing world in the context of globalization.
Book Synopsis Developing countries' Participation in the World Trade Organization by : Constantine Michalopoulos
Download or read book Developing countries' Participation in the World Trade Organization written by Constantine Michalopoulos and published by World Bank Publications. This book was released on 1998 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Many developing countries are not participating in the World Trade Organization as much as they should. What can be done about it? In the 1960s and 1970s developing countries viewed UNCTAD rather than the GATT as the main institution through which to promote their interests in international trade. But beginning with the Uruguay Round in the mid-1980s, their attitude changed, many more of them became members of the GATT, and a significant number played an active role in negotiations. Michalopoulos analyzes developing countries' representation and participation in the World Trade Organization (WTO) as of mid-1997 to determine how developing countries can effectively promote their interests and discharge their responsibilities under the rules and agreements of the new organization. He concludes that although many developing countries are actively participating in the new process, more than half of the developing countries that are members of the WTO participate little more than they did in the early 1980s and have not increased their staffing, despite the vastly greater complexity of issues and obligations. Institutional weaknesses at home are the main constraints to effective participation and representation of their interests at the WTO. To make their participation more effective, Michalopoulos recommends that the developing countries establish adequately staffed WTO missions based in Geneva; failing that, pooling their resources and representation in Geneva; and being sure to pay their dues, which are typically small. He recommends that the international community place higher priority on programs of assistance in support of institutional development of poorer countries aimed at enhancing their capacity to participate in the international trading system and the WTO-and that the WTO review its internal rules and procedures to ensure that inadvertently they do not make developing countries participation more difficult. This paper is part of a larger effort by the World Bank to collaborate with the World Trade Organization in developing approaches for the more effective integration of the developing countries in the international trading system. The author may be contacted at [email protected].
Book Synopsis The Role of Trade in Ending Poverty by :
Download or read book The Role of Trade in Ending Poverty written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Role of Trade in Ending Poverty looks at the complex relationships between economic growth, poverty reduction and trade, and examines the challenges that poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the WTO, the publication examines how trade could make a greater contribution to ending poverty by increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making.
Book Synopsis Preferential Trade Agreement Policies for Development by : Jean-Pierre Chauffour
Download or read book Preferential Trade Agreement Policies for Development written by Jean-Pierre Chauffour and published by World Bank Publications. This book was released on 2011-06-22 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook offers an introduction to the key elements of Preferential Trade Agreements (PTAs), addressing the practical economic and legal aspects of the regulatory policies in PTAs.
Book Synopsis Trade and Developing Countries by : Kathryn Morton
Download or read book Trade and Developing Countries written by Kathryn Morton and published by Routledge. This book was released on 2012-06-25 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reissue, initially published in 1977, is an introduction to contemporary trading positions and problems of developing countries. The authors examine the main export options of Third World countries and consider the roles of the key international organisations – GATT, UNCTAD, etc – and those of national governments and foreign investors. The authors complete their review with an examination of the way in which numbers of developing countries have tried to diversify their trade relations, particularly by creating Third World trading groups. Contemporary economic difficulties and their impact upon the Third World is also discussed, with the authors displaying a guarded optimism about real changes in world economic relations, citing factors such as the spread of trade among developing countries and the increase processing of raw materials as potential for the wider participation of developing countries in international trade.
Book Synopsis Economic Development Through World Trade by : Yong-Shik Lee
Download or read book Economic Development Through World Trade written by Yong-Shik Lee and published by Kluwer Law International. This book was released on 2008-01-21 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased participation in world trade is typically seen as the key to rapid economic growth and development. Since this work examines trade and development from the point of view of developing countries, it provides a rare opportunity to understand - and benefit from - the perspectives of the developing world. Developing nations comprise two-thirds of the membership of the World Trade Organization (WTO) so a work produced by an array of experts from those countries provides an important window on the intersection of trade and development. Since many of the topics covered in the work describe on-going progress in the WTO's "development" or Doha Round, the book also helps readers to understand the context, issues and results of this important round of international trade negotiations.
Book Synopsis Strengthening the Global Trade Architecture for Development by : Bernard M. Hoekman
Download or read book Strengthening the Global Trade Architecture for Development written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization (WTO) has a role to play in strengthening the global trading system for development, primarily by lowering barriers to trade in goods and services and ensuring that trade rules are useful to Developing countries. But greater international cooperation must complement WTO-based negotiations, in particular, concerted action outside the WTO to enhance the trade capacity of poor countries ("aid for trade").
Book Synopsis International Trade and Developing Countries by : Amrita Narlikar
Download or read book International Trade and Developing Countries written by Amrita Narlikar and published by Taylor & Francis. This book was released on 2005 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the much-needed and vastly under-studied subject of bargaining coalitions of developing countries in the GATT and WTO. This is an extremely important contribution to the field.
Book Synopsis Developing Countries in the World Trading System by : Ramesh Adhikari
Download or read book Developing Countries in the World Trading System written by Ramesh Adhikari and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experience suggests that trade liberalization has contributed substantially to the remarkable growth of industrialized 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.
Book Synopsis More Favorable and Differential Treatment of Developing Countries by : Bernard M. Hoekman
Download or read book More Favorable and Differential Treatment of Developing Countries written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors discuss optio ...
Book Synopsis Globalization and the Least Developed Countries by : David Bigman
Download or read book Globalization and the Least Developed Countries written by David Bigman and published by CABI. This book was released on 2007-01-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most notable changes in the world economy during the past three decades has been the diverging trends in the growth of the developing countries. This book examines the opportunities open to the least developed countries as they design their strategies to accelerate growth and alleviate poverty.
Book Synopsis Developing Countries' Participation in the World Trade Organization by : Constantine Michalopoulos
Download or read book Developing Countries' Participation in the World Trade Organization written by Constantine Michalopoulos and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many developing countries are not participating in the World Trade Organization as much as they should. What can be done about it? In the 1960s and 1970s developing countries viewed UNCTAD rather than the GATT as the main institution through which to promote their interests in international trade. But beginning with the Uruguay Round in the mid-1980s, their attitude changed, many more of them became members of the GATT, and a significant number played an active role in negotiations.Michalopoulos analyzes developing countries' representation and participation in the World Trade Organization (WTO) as of mid-1997 to determine how developing countries can effectively promote their interests and discharge their responsibilities under the rules and agreements of the new organization.He concludes that although many developing countries are actively participating in the new process, more than half of the developing countries that are members of the WTO participate little more than they did in the early 1980s and have not increased their staffing, despite the vastly greater complexity of issues and obligations. Institutional weaknesses at home are the main constraints to effective participation and representation of their interests at the WTO.To make their participation more effective, Michalopoulos recommends that the developing countries establish adequately staffed WTO missions based in Geneva; failing that, pooling their resources and representation in Geneva; and being sure to pay their dues, which are typically small. He recommends that the international community place higher priority on programs of assistance in support of institutional development of poorer countries aimed at enhancing their capacity to participate in the international trading system and the WTO-and that the WTO review its internal rules and procedures to ensure that inadvertently they do not make developing countries participation more difficult.This paper is part of a larger effort by the World Bank to collaborate with the World Trade Organization in developing approaches for the more effective integration of the developing countries in the international trading system.
