Reclaiming Development in the World Trading System

Reclaiming Development in the World Trading System
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Reclaiming Development in the World Trading System (Cambridge International Trade and Economic Law) [Yong-Shik Lee] on *FREE* shipping. Cambridge Core - International Trade Law - Reclaiming Development in the World Trading System - by Yong-Shik Lee.

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Reclaiming Development in the World Trading System (E-Book, PDF)

Search again here by Google! Compare Books. Closing the gap on those countries that are clearly developed is integral to the discussion of what is development. Development is also about the means and ends, particularly how you connect means to ends and this raises issues of policy, and of attitudes of institutions as being central to the question of what is development.

In that discussion, history always matters. Kozul-Wright also said particularly relevant to the discussion today is that there is a highly subjective dimension to what is development. As to where trade fits into the story of what is development, he said that trade is clearly a means and not an ends to development. He said that trade policy - the connection between means and ends - is a highly contested terrain and has been across the entire post-war period.

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Kozul-Wright noted that a report which was commissioned by the GATT in the late 50s as a first attempt to put development into the GATT was highly contested and gave rise to some extent to UNCTAD as an alternative way of thinking about the relationship between trade and development.

The shift from the New International Economic Order to the Uruguay Round was a highly contested process, and the move from the "Singapore issues" to the Doha Development Agenda was a highly contested process. And where we go next is also a highly contested process, said Kozul-Wright. Trade policy has always been a contested issue, he said, adding: "What particularly concerns us is that trade policy in the last 30 years has been linked with efforts to reduce or indeed remove development from the multilateral discourse.

Pointing to the inherent hypocrisy that is based on "do as I say, not as I did", he said that from the work of Prof Ha Joon Chang and other economic historians it was clear that all countries used inflation, the role of the state and import substitution as part of their development strategies, and they did so successfully including the middle income countries.

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He pointed out that the largest user of tariffs in the history of modern capitalism was the United States. When it was a middle income country at the end of the 19th century and in early part of 20th century, it had historically high levels of tariffs as a way of building up its own productive capacity to meet the challenges of the more developed countries in Western Europe at the time, he said.

He also said that how you combine diversification and specialisation is the big challenge of trade policy. And in a second best world at best, policy space matters a lot to countries having the tools and the means to meet the kinds of challenges that we see in the international trading system.


He also agreed that this panel discussion is a continuation of the dialogue of the mini-ministerial meeting of developing countries held in New Delhi in May. Ambassador Zhang said that WTO reform should put development at the centre. Actually it's just a minimum condition that we need to participate in the multilateral trading negotiations.

So, we need to preserve our legitimate right. He added: "Of course, we recognise the different levels of development among developing countries. But it is up to us to make a decision when, what and how to get this special treatment and to what extent we can make a contribution in the future of the negotiations. Referring to proposals by some members to discuss new rules on industrial subsidies, the Chinese envoy said that while some believe that the current trade tensions is because of the so-called non-market economy strategy or regime of China and support and subsidies to its own industries, "it China cannot go along with that argument.

It is wrong. Ambassador Zhang explained that basically developing countries including China are at the low end of the global value chain. So, that is the reason why we cannot go along with this logic, this narrative, [that] the current trade war is because of China. They fail to help the groups of people in their country who are in a difficult position, so they now want to shift their domestic focus to international trade and find an easy scapegoat, and China is this easy scapegoat.

What is the implication of this kind of initiative on development on other developing countries? At the moment, he said, they are attacking China mainly, but it will have systemic implications on the developing countries. For other developing countries who have this plan to achieve their objective of industrialisation, their plan or strategy will be restricted because of this so-called strengthening of the rules on industrial subsidies, he said.

ISBN 13: 9780521852968

On the issue of transparency, he said that this is an obligation for all members, both developed and developing. For the smaller developing members, all we can do is to help and encourage them to improve their notifications, but not to punish them. Is this product missing categories? Add more categories. Review This Product.

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Welcome to Loot. Checkout Your Cart Price. Description Details Customer Reviews Prevalent poverty in less developed countries is one of the most pressing issues of our time and economic development in these countries is necessary to bring them out of poverty. As seen in the successful development cases of East Asian countries, international trade is closely relevant to economic development, and export facilitation and effective industrial policies have been the key to the successful development.


The book also examines the need to elevate the level of regulatory treatment of development issues by the WTO and proposes the Agreement on Development Facilitation and the Council for Trade and Development within the WTO.