Free Trade or Fair Trade? An Enquiry into the Causes of Failure in Recent Trade Negotiations
- Topics:
- GATT
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Overview: Focusing on frictions between developing countries and industrial economies in the particular area of trade in manufactured goods, the purpose of this paper is to argue that the failure of the negotiations is related to a number of fallacies and contradictions surrounding the concepts and practices of universal trade liberalization and infant industry protection. These main fallacies include: the philosophy behind universal and across-the-board trade liberalization; the contradictions in the design and implementation of GATT/WTO rules to the detrimental interest of developing countries; the theory and practice of infant industry protection; and, in particular, perceptions about the interests of developed countries in universal and across-the-board trade liberalization by developing countries.
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Format: PDF | Size: 148KB | Date: Dec 2000 | Pages: 44
