1887

Trade, Growth and Poverty Reduction

Least Developed Countries, Landlocked Developing Countries and Small States in the Global Economic System

image of Trade, Growth and Poverty Reduction
Why have the least developed countries, and other poorer countries, failed to grow as fast as other economies during the recent period of globalisation?



Professor Srinivasan explores the broad links between growth in income, globalisation, and poverty reduction. He argues that past domestic and international policies have failed to serve the interests of the poorest countries, and suggests that the current array of international institutions, in their unreformed state, are ill-suited to bring about the changes required.



Finally he makes recommendations on needed reforms to the institutions that manage the global economic system.

English

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Doha Round and the Least-Developed Countries

In the introduction the author referred to paragraph 35 on Small Economies and paragraphs 42-44 on least-developed countries in the Doha Ministerial Declaration of 14 November 2001. To repeat briefly, paragraph 35 promised to examine trade issues relating to small economies; paragraph 42 committed the ministers to the objective of duty-free, quota-free market access for products originating in LDCs, to facilitate and accelerate negotiations with acceding LDCs and to reaffirm commitments consistent with the mandate of the World Trade Organization that had been undertaken as part of other declarations, and agreed that in designing its work programme for LDCs, the WTO should take into account the Brussels Declaration and Programme of Action. It instructed the subcommittee on LDCs to design such a work programme and report to the General Council by 2002. Paragraph 43 endorsed the Integrated Framework for Trade-Related Technical Assistance to Least-Developed Countries (IF) as a viable model of trade development of LDCs, and requested the Director-General to provide an interim report to the General Council in December 2002 and a full report to the Fifth Ministerial Conference (in Cancún in 2003) on all issues affecting LDCs. Paragraph 44 reaffirmed that provision of special and differential treatment is an integral part of WTO agreements. Except paragraph 44, none of the others strictly speaking, set targets against which the success or failure of Doha Round as a ‘Development Round’ could be assessed.

English

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