Search:
Computing and Library Services - delivering an inspiring information environment

International trade, WTO and economic development

Siddiqui, Kalim (2016) International trade, WTO and economic development. World Review of Political Economy, 7 (4). pp. 424-450. ISSN 2042-891X

[img] PDF - Accepted Version
Restricted to Repository staff only

Download (387kB)

Abstract

This paper examines the existing literature on trade liberalisation and its effect on the economies of developing countries. It will also briefly examine the theory of comparative advantage which is seen as justification for global trade liberalisation under the auspices of the World Trade Organisation. This process is also associated with greater openness, economic interdependence and deepening economic integration with the world economy. The study is important because once again the international institutions strongly advocate trade and financial liberalisation in developing countries. The proponents of trade liberalisation argue that multilateral trade negotiations would achieve these goals, and poor countries particularly would benefit from it. However, such policies may increase vulnerability and make developing countries further hostages of international finance capital. Adoption of open market policies in agriculture would also mean the abandoning of self-reliance and food sovereignty, which may have wider consequences in terms of food shortages, food prices and rural employment

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Schools: Huddersfield Business School
Huddersfield Business School > Emerging Markets Research Group
Related URLs:
Depositing User: Sharon Beastall
Date Deposited: 18 Jan 2017 11:48
Last Modified: 02 Oct 2017 10:32
URI: http://eprints.hud.ac.uk/id/eprint/30971

Downloads

Downloads per month over past year

Repository Staff Only: item control page

View Item View Item

University of Huddersfield, Queensgate, Huddersfield, HD1 3DH Copyright and Disclaimer All rights reserved ©