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International trade conditions: Challenges for less developed countries

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  • Giovanni Efraín Reyes Ortiz

    (Universidad del Rosario)

Abstract

Main issues this paper takes into consideration are related to: (i) conceptual topics or theoretical aspects from mainstream international trade frameworks; and (ii) core concerns, less developed countries need to face to pursue higher standards both, in their efforts to improve internal markets and participation into foreign links regarding international trade scenarios. From the theoretical standpoint, major features of the current globalization processes are discussed. One of the key final considerations regards the evidence that under the new mechanisms of the World Trade Organization, less developed nations have better conditions to carry out trade negotiations, notwithstanding, broad margin for improvement exists to achieve fair circumstances in the foreign trade relationships.

Suggested Citation

  • Giovanni Efraín Reyes Ortiz, 2012. "International trade conditions: Challenges for less developed countries," Revista Tendencias, Universidad de Narino, vol. 13(1), pages 207-220.
    • Handle: RePEc:col:000520:018890
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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