Question

In: Economics

Give an example of how a developed country has not provided trade preference to a developing...

Give an example of how a developed country has not provided trade preference to a developing country and therefore as far as GATT/WTO procedures are concerned shows that the developed country is not legally obligated to provide preferential treatment.

Solutions

Expert Solution

Yes it is true that the developed nations are not providing trade preferences to a developing nations because of the following reasons:
1.Developed nations are just considering the developing nations are the global market for their goods and the services.
2.Developed nations are only looking for the profit margins from the developing nations.
3.Still the developed nations are following the two fold motive: one is to purchase the raw material and semi finished goods at a very low rate and after the processing it sale back to the developing nations at a very high price.
4.Developed nations are the major source of funds to the world organisations like WTO. That’s why it is difficult for the nation to intermediate among them.
5.Developed nations are the most importantly taken the situational things from the developing nations.
6.In some cases the developed nations are imposing some restrictions of constructions, emission of carbon dioxide, formation of industries, etc. because they do not want to make these market the market of capital goods and to supply goods because these developed nations are not in favour to make these countries (developing countries) to sell the goods rather they prefer for these countries to only purchase the goods from the developed nations.

For example:-
The policy of US imposing restrictions on India, Srilanka, Nepal, Bhutan and other Asian underdeveloped countries to stop the industrialisation because of the carbon dioxide pollution and other pollutants.


Related Solutions

Give an example of how developed countries are not bound legally to provide trade preferences for...
Give an example of how developed countries are not bound legally to provide trade preferences for developing countries and therefore can as far as GATT/WTO procedures are concerned can be changed unilaterally by the developed countries.
how is AstraZeneca hoping to deal with the price level differences between developed and developing country...
how is AstraZeneca hoping to deal with the price level differences between developed and developing country markets?
1. What is an example of an asset that, in developed countries but not in developing...
1. What is an example of an asset that, in developed countries but not in developing countries, also functions as capital? 2. What is an example of a service or opportunity that people in developing countries cannot access because they lack access to capital?
Give a recent example of how the U.S. government has intervened or altered national trade policy...
Give a recent example of how the U.S. government has intervened or altered national trade policy to either encourage exports or protect domestic business. Explain any consequences of the action and whether it accomplished its objectives.
EXPLAIN HOW TRADE RESTRICTIONS AFFECT EXCHANGE RATES, AND GIVE AN EXAMPLE
EXPLAIN HOW TRADE RESTRICTIONS AFFECT EXCHANGE RATES, AND GIVE AN EXAMPLE
Identify one already developed country and one developing country. Research their recent economic growth rates ....
Identify one already developed country and one developing country. Research their recent economic growth rates . Analyze differences in the countries that would help lead to different rates of economic growth. In your response, be sure to avoid analyzing short-run factors of economic performance and focus on the factors that affect long-run economic growth.
Discuss the monetary policy in a country (developing / developed). Prove your answer as much as...
Discuss the monetary policy in a country (developing / developed). Prove your answer as much as you can. Country: Switzerland Write it in simple words This essay includes: 1.The marker for reserves and federal funds rate The federal funds rate(iff) - the discount rate(id) - rate on reserves(ior) 2. Effects of change in monetary policy tools on FF rate OMO - DR - RRR- ior 3. Conventional / nonconventional MP tools
Discuss the monetary policy in a country (developing / developed). Prove your answer as much as...
Discuss the monetary policy in a country (developing / developed). Prove your answer as much as you can. Country: Switzerland
Country A has 100b$ trade deficit against Country B, and Country B has 200b$ trade surplus...
Country A has 100b$ trade deficit against Country B, and Country B has 200b$ trade surplus against Country C, and Country C has 150b$ trade surplus against Country A. Moreover, assume that Country B has a balanced trade with other countries (countries other than A and C), but Country A has 100b$ trade surplus against other countries (countries other than B and C) and Country C has 100b$ trade deficit against other countries (countries other than A and B). Then,...
1.    Name one example of a new trade barrier that the U.S.A has enacted on another country...
1.    Name one example of a new trade barrier that the U.S.A has enacted on another country or region in 2019.  Explain the trade barrier and which type of trade barrier it is. Use economic terms from the first three lectures to explain whether you think this barrier may be helpful or hurtful to the economy. Since there are many new trade barriers that started, please do not repeat an answer from another student. with cited sources
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT