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Developed-Country Trade Policies

In: Emerging Powers in the WTO

Author

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  • Constantine Michalopoulos

Abstract

Since the 1980s the role of developed-country markets in determining demand for developing countries exports has shrunk as the role of the emerging economies increased, especially in the decade of the 2000s. However, developments in developed-country markets continued to be an important factor that shaped developing-country trade performance. On the demand side, developed countries’ GDP increased at a rate slightly lower than the long-term growth trends in these countries — just under 2.5 per cent for 1990–99 and 1.7 per cent for 2000–10 compared to 3.1 per cent in the 1980s and 3.6 per cent in the 1970s (OECD, 2000; World Bank, 2012). On the other hand, the market access conditions for developing countries improved, partly as a result of standstills and subsequent liberalization linked to the Uruguay Round Agreements and reductions in tariffs following the Information Technology Agreement, the termination of the Agreement on Textiles and Clothing and as a result of numerous preferential arrangements concluded between developed and developing countries.

Suggested Citation

  • Constantine Michalopoulos, 2014. "Developed-Country Trade Policies," Palgrave Macmillan Books, in: Emerging Powers in the WTO, chapter 6, pages 137-160, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-29708-2_6
    DOI: 10.1057/9781137297082_6
    as

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