#900654
In the World Trade Organization, most countries of the world negotiate on trade liberalization. Economic theory predicts welfare gains for every country that participates in the process of trade liberalization. However, in practice, some developing countries – mainly in Sub Saharan Africa - did not gain very much from the past rounds of trade liberalization. Why?
Варианты ответа:
- all poor countries specialized in the same products: clothing and commodities. Relative prices of these products fell resulting in falling terms of trade which has a negative effect on welfare
- Developing countries demand better access to the markets of industrialized countries while maintaining the freedom to have high trade barriers themselves. As a result, they do not liberalize themselves, thus limiting the benefits from trade liberalization
- developing countries do not benefit as the trading opportunities offered by trade liberalization are captured by multinational companies
- poor Nations to be financially supportedd and economically stabilised
Курсы в категории:
Политология и социальные науки