International Trade of Developing Countries Essay

International Trade of Developing Countries Essay

Length: 1140 words (3.3 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

International trade of developing countries is the classic weak vs. strong dichotomy, and underdeveloped or developing countries cannot make it solely on their own efforts; the have nots need help from the haves. Developed nations trumpet the claim that the answer to developing nations’ international trade issues is untrammeled or open market activity as opposed to government intervention by developed nations’ governments. This begs the question as to what extent the governments of developed nations are or should be responsible for supporting developing countries’ growth in international trading markets. Often the protectionist actions of developed nations’ governments to enhance their own international trading activities are the very hindrances faced by the developing countries, so much so that the developed nations are morally obligated to support the developing countries to offset the roadblocks created by these same developed countries with tariffs, quotas and other trade barriers.
Trade Problems of Developing Nations
In addressing the question, “Fair trade: Is it always ‘unfair’ for the developing countries” (Aditya, 2013), economists have argued that “the implication of fair trade on poverty [dirty exports and use of child labour] depend[s] on the sources of perverse comparative advantage” (p. 20). While developed nations decry the use of child labor in the garment industry in many developing countries and dirty exports of goods with high pollution content such as ferrous and non-ferrous metals, refined petroleum, and paper manufacture, capital flight from developed countries to these developing economies belies the very criticisms made of these industries. As Aditya (2013) points out, “a ban on the use of child labour...

... middle of paper ...

...87). True protection - Concepts and their role in evaluating trade policies in LDCs. Journal of Development Studies, 23(2), 200-219.
Manu, F. A. (2009). Import substitution and export promotion: A continuing dilemma for developing countries. Journal Of International Business & Economics, 9(1), 100-104.
Oxfam International. (2002). Oxgam annual report. Retrieved from annual-reports
Singh, J. P. (2006). Coalitions, developing countries, and international trade: Research findings and prospects. International Negotiation, 11(3), 499-514. doi:10.1163/157180606779 155228
Subasat, T. (2009). Does simultaneous implementation of import-substitution and export-promotion neutralize each other? Journal Of Developing Areas, 43(1), 45-63.
Winham, G. R. (1986). International trade and the Tokyo round negotiation. Princeton, NJ: Princeton University Press.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

International Trade Is The Exchange Of Goods And Services Between Countries

- At its simplest, international trade is the exchange of goods and services between countries. About a fourth of all goods and services produced in the world are exported to another country (Yuan & Guanghua, 2015). This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an increase in the price that you have to pay to buy the tennis shoes at your local mall....   [tags: International trade, Developing country]

Strong Essays
1961 words (5.6 pages)

Globalization and Developing Countries Essay

- Globalization, aided by Internet development and ease of travel, has permanently changed the world for both better and worse (Friedman, 2008). For this write up, we look at the relative dangers and advantages of globalization for developing countries and how they can capitalize on the advantages and avoid the dangers of Globalization. What is Globalization?There is a wealth of literature on Globalization. Most authors have defined Globalization as the increased economic interdependence amongst countries....   [tags: International Free Trade, Global Commerce]

Strong Essays
480 words (1.4 pages)

International Development in Developing Countries Essay

- International Development in Developing Countries “…increasing international trade and financial flows since the Second World War have fostered sustained economic growth over the long term in the world’s high-income states. Some with idle incomes have prospered as well, but low-income economies generally have not made significant gains. The growing world economy has not produced balanced, healthy economic growth in the poorer states. Instead, the cycle of underdevelopment more aptly describes their plight....   [tags: Developing Countries Economics Essays]

Strong Essays
2380 words (6.8 pages)

The Importance of International Trade Regulation Mechanisms Has Risen Essay

- ... The main change was the elimination of consensus requirement on the key stages of settling disputes what definitely has raised its effectiveness. In this chapter I would like to elaborate when/in which case a state can apply to that system and what procedures are followed. Firstly, it is needed to be clarified that a dispute arises "when a member government believes another member government is violating an agreement or a commitment that it has made in the WTO". There are three main categories under which the disputes arise: -Disputes on trade in goods that constitute the majority out of disputes handled( I this case, applicable substantive law is mainly the General Agreement on Tariffs...   [tags: global power, WTO, developing countries]

Strong Essays
1668 words (4.8 pages)

Does Free Trade Retard or Improve Development in Developing Countries Essay

- Introduction The 19th century international system was a very significant era of the doctrine and practice of free trade. This key date in the 19th century was 1846, the year England repealed the corn law. The corn laws had protected British aristocrats and farmers from imported corn. Corn at this time was used to make bread. This dispute pitted industrialists and many workers against landowners and farmers. The industrialist wanted cheap corn so that the cost of bread would be lowered and they could reduce or reduce workers wages....   [tags: International Business ]

Strong Essays
2274 words (6.5 pages)

Political Economy Of International Trade Essay

- Political economy of international trade is a matter of widespread discussion. One of the most salient changes in the world economy since 1980 has been the move toward freer trade among countries across the globe. Countries as diverse as Mexico, India, Poland, Turkey, Ghana, Morocco, and Spain not to mention Chile, which moved earlier in the 1970 have all chosen to liberalize unilaterally their trade policies. In addition, the successful conclusion of the multilateral trade negotiations under the General Agreement on Tariffs and Trade, the Uruguay Round, in 1994 further liberalized trade among many developed countries and between them and developing ones....   [tags: International trade, Free trade]

Strong Essays
1132 words (3.2 pages)

International Trade And Economic Globalization Essay

- International trade has directly brought massive economic interests, including achievements of wider sales, investments and labor markets around the globe, acquisitions of rich profits for developed countries, and promotions of inter-country economic and technical corporation(Hill, & Jain, 2000). For the developing countries, international trade can make them integrated into economic globalization quickly, and gain enough sources of money and technology in and international economic cooperation, get help and cooperation in manufacturing and operation, thus raising the range of national economic and technological progress (Narlikar, 2003)....   [tags: International trade, Free trade, Trade]

Strong Essays
1346 words (3.8 pages)

Essay Adam Smith Free Trade International Trade Theory

- The core of Adam Smith Free Trade International Trade Theory is all parties involved in trade have received trade benefits in the free trade transactions. Adam Smith thinks different countries produce the same product with different costs; the country should produce the definite low cost products instead of absolute high products. The products can be exchanged with other countries, so that the two countries will increase labor productivity and decrease the costs. Obviously, labor and capital can be properly distributed and utilized....   [tags: International trade, Economics, Economic growth]

Strong Essays
1789 words (5.1 pages)

Essay on International Trade : A Peace And Understanding Between Nations

- At first I totally one hundred percent agreed with pro international trade, then after reading the discussion forum on international trade I started to waver from some of the comments other students have made. After doing more research and weighing the pros and cons of international trading, I still am pro international trade. The reasons I am for international trade are because I feel that international trade can foster good will, peace and understanding between nations. It can help foster the development of languages across countries....   [tags: International trade, Globalization, Trade]

Strong Essays
727 words (2.1 pages)

Essay about International Trade Simulation

- Every economy can count on two things; there will always be supply and there will always be demand. For some countries, supply cannot keep up with the demands for the economy and when that happens, international trade is sometimes an only option. As with anything in life, there are advantages and disadvantages to international trade. One of the major advantages to international trade is that it allows countries with a surplus of supply to trade with another country that may have a shortage of that same supply....   [tags: Economics, International Trade]

Strong Essays
1297 words (3.7 pages)