Developing Countries Benefit From Trade Liberalization When Joining Wto?

1136 Words Nov 13th, 2016 5 Pages
About two thirds of the WTO’s 162 members are developing countries. They play a progressively essential and active role in the WTO because of their numbers, because they are becoming more important in the global economy, and because they increasingly consider trade as a vital tool in their development attempt. Developing countries have different views and concerns towards WTO negotiations, and one of those is the skepticism on the fairness in WTO’s regulations. Global economic integration without taking into consideration the different levels of developing and the specific economic situation of the country would be an ineffective and meaningless effort at such integration (Kaldor, 1981)
Can developing countries benefit from trade liberalization when joining WTO? Chang (2008) 's main critique against his foes is that the policies are pushed down the throats of the developing countries by Western and other developed countries’ economists, while they never use those rules to become rich. It was, for example, America that invented the idea of protecting infant industries so as to grow strong enough to compete in the global market. Britain also eliminated protectionism for free trade, Chang wrote, only when its industries were definitely strong. And several Asian tiger economies like Japan and South Korea, shut their door until their teeth were sharp enough. In other words, developing countries’ economies are not capable of moving from protectionism to liberalization which…

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