Year: 1999
Title:
Whether the Rules of the WTO Will Broaden the Gap Between the Most Developed and the Least Developed Countries?
(Paper prepared for The Twelfth World Congress of International Economics Association, Buenos Aires, 23-27 August, 1999.)
JEL: F19, F23
Authors:
T. Roza, Skopje University
F. Nikola, Belgrade University
G. Jelena, Belgrade University
Abstract:
After almost half a century of negotiation, the Uruguay Round was concluded in 1994. The WTO proclaimed as its basic goals the growth of the living standard, full employment, the growth of production and trade, optimal use of world resources etc. Undoubtedly the world, as a whole, will experience the rise of welfare. However, there is a serious doubt that the rules of the WTO were formulated primarily for the sake of maximization welfare of the most developed countries. Majority of the least developed countries will be faced with the reduced welfare. Considering that the absence from the WTO implies potentially larger loses, the only dilemma for these countries is the choice of strategy of accession to the WTO in order to minimize their loses.
Keywords:
WTO, developing countries, enequality, TRIPs, agriculture
Contact address: fnikola at one.ekof.bg.ac.yu
Paper URL: http://No direct link available
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