Power and Trade Agreements between Developed and Developing Countries

10 June 2019, Version 1
This content is an early or alternative research output and has not been peer-reviewed at the time of posting.

Abstract

In this paper, while reviewing, investigating, and comparing the works of Wade (1992); Ozden (2003); and Bist and Read (2018), I argue that despite the collaborative efforts and policies from the world organizations and developed countries, the developing countries still face significant difficulties due to their economic status while conducting transnational trade and business with developed countries and often fail to attain mutually beneficial terms and agreements. I also reviewed several other reports that outline a similar trend and pattern between bi and multilateral business agreements where less developed countries systematically failed to attain equal space in the negotiation table. Wade (2018) argues that developed countries and world organizations collectively need to address this issue and develop a sustainable framework that ensures equal and equity-based participation from less developing countries, and this will ensure collective and sustainable global socioeconomic growth.

Keywords

Impact of Trade Barriers
Equity-based trade participation
Bilateral and multilateral trade agreements
Inclusive socioeconomic growth
Economic disempowerment

Comments

Comments are not moderated before they are posted, but they can be removed by the site moderators if they are found to be in contravention of our Commenting Policy [opens in a new tab] - please read this policy before you post. Comments should be used for scholarly discussion of the content in question. You can find more information about how to use the commenting feature here [opens in a new tab] .
This site is protected by reCAPTCHA and the Google Privacy Policy [opens in a new tab] and Terms of Service [opens in a new tab] apply.