Unequal Exchange: Developing Countries in the International Trade Negotiations
AbstractThe results of the Uruguay Round, show that the concessions given by developing countries were generally more valuable than those they received from industrial countries. I suggest that this outcome is explained by aggressive demands from industrial countries, and by the lack of resources at the disposal of developing countries. These and other “structural factors”, weaken the negotiating capacity of developing countries and the outcome of their bargaining, is likely to be an “unequal exchange of concessions”. The paper discussess the costs of these exchanges, and the structural factors that help to understand the processes leading to these outcomes.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0502011.
Date of creation: 09 Feb 2005
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Uruguay Round; Multilateral Negotiations; Developing countries; Unbalanced reciprocity;
Other versions of this item:
- Julio J. Nogues, 2005. "Unequal Exchange: Developing Countries in the International Trade Negotiations," International Trade 0502008, EconWPA.
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
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- J. Michael Finger & Julio J. Nogués, 2005.
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