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Developing Countries in the World Trading System : The Uruguay Round and Beyond - Ramesh Adhikari

Developing Countries in the World Trading System : The Uruguay Round and Beyond

By: Ramesh Adhikari (Editor), Prema-chandra Athukorala (Editor)

Hardcover | 26 April 2002

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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. 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.
Industry Reviews
'An exceptionally timely book, Developing Countries in the World Trading System, provides a critical examination of how the WTO can facilitate real growth in the developing world. . . Developing Countries in the World Trading System is a must read for undergraduate and graduate students, as well as economists and practitioners.' -- Remonda Bensabat Kleinberg, The European Journal of Development Research
'This book offers thoughtful, well-researched and up-to-date contributions to trade policy research for developing countries. Its main merit lies in the detailed studies and thorough knowledge and understanding of agricultural trade policy.' -- Gabriella Kutting, Progress in Development Studies
'Developing countries are again, as in the early days of UNCTAD, becoming a major focus in the discussion of world trade reforms. Their sense that the Uruguay Round and the WTO system failed to address their concerns is a major factor behind the current problems in mounting a new multilateral round. This book addresses the key concerns of developing countries and suggests a number of reforms that will enable them to become equal partners in the world trading system.' -- Peter J. Lloyd, University of Melbourne, Australia

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