Development With Trade: Ldcs and the International Economy : A Sequoia Seminar (A Sequoia seminar)
Anne O. KruegerISBN: 1558150420;
Since World War II, and prior to the establishment of the World Trade Organization (WTO), formulations of the rules governing international trade were almost entirely within the purview of the industrialized countries. The rules thus devised as part of the General Agreement on Tariffs and Trade (GATT) -- the WTO's predecessor organization -- did not ignore developing countries, but accorded them special and different treatment. Development with Trade questions the value of these perquisites in lieu of rule-making participation by their purported beneficiaries. The conventional treatment of LDCs' trade concerns as "special" and "different" is shown to be as deferential as differential -- extending the benefits of international trade to the few (someelites) within developing countries while denying those benefits to most. The Generalized System of Preferences (GSP) accorded LDC imports within the GATT are characterized within this volume as being fraudulent. A product of...
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