UID:
almahu_9949383719502882
Format:
1 online resource
ISBN:
0429053029
,
9780429626630
,
0429626630
,
9780429624995
,
0429624999
,
9780429628276
,
0429628277
,
9780429053023
Series Statement:
Routledge Studies in the Modern World Economy
Content:
"The contemporary orthodox view of world trade has centred, generally unchallenged, on the ideas of free trade, based on the theoretical construct of comparative advantage. This book will engage in a critique of the orthodox position based on the underlying theoretical economic construct, the historical development of the now developed economies and the morally unsustainable position of the free trade regime. The author examines alternatives such as Most Favoured Nation and Preferential Trading Agreements before making the argument in favour of Asymmetric Trading, where the underdeveloped economies can develop behind tariff barriers and quotas, whilst the triadic nations maintain a lack of barriers to the exports of these economies. He outlines how such a trading regime would be mutually beneficial in the long-term, in the sense that development through industrialisation takes place and the increase in GDP per capita would allow markets for exports to be sustainable, thus widening the market for the goods and services of the developed economies. However, the author demonstrates that free trade actually increases the development gap by maintaining the status quo in terms of the underdeveloped economies specialising in, and exporting low value added primary products and importing high value-added manufactures. The book analyses contemporary and historical data to illustrate how an alternative trading regime can be truly advantageous to both the developed and underdeveloped regions of the world: a global trading regime that is capable of increasing GDP in a sustainable manner, without transferring a surplus from the poor to the rich nations, and without a long-term commitment on the part of the developed nations to altruism"--
Additional Edition:
Print version: Milward, Bob. International trade and sustainable development Abingdon, Oxon ; New York, NY : Routledge, 2020. ISBN 9780367146733
Language:
English
Keywords:
Electronic books.
;
Electronic books.
URL:
https://www.taylorfrancis.com/books/9780429053023
Bookmarklink
