ritically assess the impact of the GATT/WTO towards the agricultural trade liberalization in developing country. CAN AGRICULTURAL TRADE liberalization promote free trade and fair trade? Discuss
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Critically assess the impact of the GATT/WTO towards the agricultural trade liberalization in developing country. CAN AGRICULTURAL TRADE liberalization promote free trade and fair trade? Discuss
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- Explain why the WTO is more concerned with the use of direct-export subsidies than production subsidies in achieving the same level of domestic support.. Will free trade and perfect competition lead to an equalization of wage rate internationally? Explain. Why would the wage rate greatly vary between developed and developing countries, in the same sector in a real world situation, even after the adoption of free tradeEvaluate the following statements: a. Developed countries have nothing to gain by trading with developing countries. b. Developed countries get all of the gains from trade when they trade with developing countries because they can dictate their prices to these countries. c. The United States can no longer compete in world markets because American wages are too high.
- Proponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries(the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariff and other impediments to trade work to the best advantage of developing countries? Explain.Proponents of free trade argue that that liberalisation of trade relationships between rich and poor countries would work towards the long-run benefits to all countries. Discuss whether the removal of all tariffs and other impediments to trade would be of assistance to the economic development of developing nationsProponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries(the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariff and other impediments to trade work to the best advantage of developing countries? Explain. What factors – economic, political or historical- do you think will determine whether of not a particular developing nation is more or less dependent on international exchange? Explain your answer, giving a few specific examples of different less developed countries.
- The benefits of nationalism in the economy as per the Trade and Development Report 2020.comment on the statement: "the world is transitioning from globalisation to regionalisation of trade ". explain the consequences of the decrease in globalisation on developing and developed nationsExplain how the international trade relations between the global north countries (HDCs - highly developed countries) and the global south countries (LDCs - less developed countries) might NOT transform the latter to become highly developed or highly industrialized countries, like the former, in the near future.
- Discuss the relevance of the World Trade Organisation (WTO) in 2020.Which one of the following is not a reason for adverse terms of trade of developing countries? Select one: a) Diversifying b) Restriction on imports by developed economies c) Producing primary products d) Producing secondary products e) Economies of scaleGlobalization tends to: Group of answer choices increase the labor demand for exporting goods industries. increase the labor demand for importing goods industries. decrease the wages for exporting goods industries. increase the wages for importing goods industries.
