The Generalized System of Preferences of the United States: Does It Promote Industrialization and Economic Growth in Least Developed Countries?
The Generalized System of Preferences (GSP)a system of differential and favorable trade arrangements toward less developed countries, adopted by the General Agreement on Tariff and Trade (GATT)has been around since the early 1970s. A primary objective of these schemes has been to promote industrialization and economic growth in less developed countries through trade rather than aid. The outcome of such programs has, however, been mixed. This paper identifies some of the underlying political and economic dynamics which led to the dismal performance of the GSP schemes of the United States in respect to the industrialization and economic growth of the Least Developed Countries (LDCs). The paper suggests that the effectiveness of GSP schemes could be significantly improved if they were brought under the binding WTO rules, if greater resources were directed to removing supply constraints in the LDCs, and if developed countries granted unwavering market access to LDC exports.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 1 (2008)
Issue (Month): 1 (December)
|Contact details of provider:|| Web page: https://www.degruyter.com|
|Order Information:||Web: https://www.degruyter.com/view/j/ldr|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Clark, Don P, 1991. "Trade versus Aid: Distributions of Third World Development Assistance," Economic Development and Cultural Change, University of Chicago Press, vol. 39(4), pages 829-837, July.
- McCulloch, Rachel & Pinera, Jose, 1977. "Trade as Aid: The Political Economy of Tariff Preferences for Developing Countries," American Economic Review, American Economic Association, vol. 67(5), pages 959-967, December.
- Céline Carrère & Jaime de Melo, 2015.
"Are Different Rules of Origin Equally Costly? Estimates from NAFTA,"
World Scientific Book Chapters,
in: Developing Countries in the World Economy, chapter 12, pages 277-298
World Scientific Publishing Co. Pte. Ltd..
- Carrère, Céline & de Melo, Jaime, 2004. "Are Different Rules of Origin Equally Costly? Estimates from NAFTA," CEPR Discussion Papers 4437, C.E.P.R. Discussion Papers.
- Céline Carrere & Olivier Cadot, 2006. "Are different Rules of Origin Equally Costly? Estimates from NAFTA," Post-Print hal-00130079, HAL.
- Céline CARRERE & Jaime MELO DE, 2004. "Are Different Rules of Origin Equally Costly? Estimates from NAFTA," Working Papers 200412, CERDI.
When requesting a correction, please mention this item's handle: RePEc:bpj:lawdev:v:1:y:2008:i:1:n:5. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If references are entirely missing, you can add them using this form.