Professional Documents
Culture Documents
Introduction
Switzerland.
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liberalization and bound many sectors, modes of delivery and
investment regimes.
Developing countries
Developed countries
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WTO. Therefore the gap between the developed and under
countries.
trade liberalization.
variables:
• GDP
• External Debt
• Trade balance
1.3 Methodology
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• Economic Survey of Pakistan
• PDR
• The Economist
these articles. Then we sorted out different finds from the tables
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2. Review of literature
the WTO to run its issues are not allowing WTO to take such
countries. WTO must also use its authority to remove child labor,
developing countries.
Vogel (2005) says that WTO has the power to check new
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formally structuralized and has its own law. Some people
criticize WTO because its rule does not provide protection to the
property rights but does not protect the rights of workers and
reforms are not made in WTO, then WTO will collapse. Human
success use child labor, prison labor etc. These issues are the
which want to get the benefit of free trade and want to transfer
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economic development can be fulfilled. Some of the developing
for free trade but the true picture is that the developed countries
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Blusteim explains that the developing countries are not
Steven says that WTO has two main purposes to make rules
for world trade and to settle trade disputes between the nations.
that the WTO is beneficial for the expansion of trade in the world
and it will help to turn low inflation and it will increase product
quality.
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WTO is an organization which drafts trade rules for global
trade and tries to end the disputes among the member countries.
POOR”. Some of the WTO policies are against worker rights and
economic progress.
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3. Findings and Analysis of data
the market size, land and the population strength of China is far
Korea we come to know that the Koreans have much less land
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TABLE 3.1 GLOBAL TRADE AND DVELOPINF COUNTRIES TRADE
Country Trade
1990 2004 1990 2004
Exports Imports Exports Imports Exports Imports Exports Imports
China 1.77 1.47 6.5 5.9 7.31 6.56 19.75 19.95
Hong Kong 2.35 2.28 2.9 2.9 9.69 10.15 8.84 9.70
Singapore 1.50 1.68 2.0 1.7 6.22 7.48 5.97 5.82
S. Korea 1.86 1.93 2.8 2.4 7.66 8.60 8.45 7.97
Mexico 1.16 1.20 2.1 2.2 4.80 5.36 6.27 7.33
Taiwan 1.91 1.51 2.0 1.8 7.91 6.75 6.03 5.96
Malaysia 0.84 0.81 1.4 1.1 3.47 3.60 4.21 3.74
India 0.51 0.65 0.81 1.0 2.11 2.90 2.41 3.38
Brazil 0.89 0.62 1.1 0.7 3.70 2.77 3.21 2.34
Thailand 0.65 0.91 1.1 1.0 2.71 4.06 3.25 3.39
for exports and 10.43% for imports. The share of the 10 leading
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in 1990 was 55% and 58% respectively. The share has increased
liberalization.
On the one hand, there are bigger countries like China and
India where firms can realize the economies of scale and thus
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price-out their competitors in foreign countries by offering
cheaper products.
may be small but enjoy enormous political clout and are capable
products.
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Most of the articles and agreements are tilted towards developed
developing countries will have to join their hands to reap the real
benefits of globalization.
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TABLE 3.2 Developing Countries Total External Trade(US MILLION)
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Countries 2000 2001 2002 2003 2004
Import 1785 2349 2119.4 2512 2850
Turkmenistan Export 2505.5 2620.2 2855.6 3632 4000
Balance 720.5 271.2 736.2 1120 1150
Import 2947.4 3136.9 2712 2964.2 3816
Uzbekistan Export 3264.7 3170.4 2988.4 3725 4853
Balance 501.9 -35.8 99.5 760.8 980
Import 6697000 6452000 6693000 7778000 8619401
World Total Export 6445000 6191000 6455000 7503000 8281385
Balance -252000 -261000 -238000 15281000 16900786
showing the positive results, the reason for this is completely not
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TABLE 3.3 GDP Growth Rate (%)
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TABLE 3.4 Dimensions of the LDC Debt Burden, 1970-2000
(billions of dollars)
1
Year 1975 1980 1985 1990 1995 2000
970
Total 68.4 180.0 635.8 949.0 1182. 1808. 2140.6
External 3 9
debt
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TABLE 3.5 Least Developed Countries Economy
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TABLE 3.6 Percentage share of developing countries in global
trade
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between 1963 and 1995, while the share of manufactures in
whole, the trade-to-GDP ratio has risen from 13.8 to 26.5 per cent
the percentage growth rate of their capital is very high but for
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TABLE 3.7 Cumulative Percentage Annual Growth Rate (1995-
2005)
Total Factor
Population Capital
Productivity
North
1.05 3.33 Low
America
Western
0.10 0.83 High
Europe
Australia/Ne
0.97 1.84 Low
w Zealand
Japan 0.20 0.37 Low
China 0.83 9.08 Very High
Taiwan 0.73 4.52 Very High
Indonesia 1.31 1.82 Low
India 1.59 8.01 Medium
Other South
2.10 3.39 Medium
Asia
Brazil 1.26 -0.69 High
Rest of World 1.65 4.15 Medium
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3.3 Developing Countries' Participation in
for 45 per cent; Latin America for some 4 per cent; Africa for 2.1
per cent and Asia, other than Japan and Australia, for some 16
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1. Telecommunications
2. Financial services
Concerns
developing countries.
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There are also concerns that burdensome administrative
setting organizations.
3. Transitional periods
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4. Technical assistance
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TABLE 3.8 Overview of the Economy After Military COUP
Change in the
October 1999 October 2004
Indicator
GDP Growth
4.2% 6.4% Positive
Rate
Inflation 5.7% 4.6% Positive
External
52% 37% Positive
Debt/GDP
Exports US$ 7.8 billion US$ 13 billion Positive
Foreign Direct
US$ 472 million US$ 950 million Positive
Investment
Unemployment 6% 8% Negative
economic condition was not very good. Soon after the military
against terrorism.
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adopts more policies for trade liberalization there is a risk of
more unemployment.
know that the imports of Pakistan were always greater than its
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3.6 New tr ade liber aliza tion polices
decide at what level, when and how much liberalized trade with
India.
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Free trade no doubt, increases the size of the pie but the
economy and their growth have showed, the demand for primary
increased.
liberalization:
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Investment in rural roads and other infrastructure.
South Africa.
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