Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized … countries. But not all DCs will automatically benefit from globalization. Some DCs even face the risk of being delinked from the … between rich and poor countries in the world economy. Many observers draw an overly pessimistic picture of the perspectives of …

Globalised markets and production patterns offer favourable opportunities to raise world income. Yet globalisation also … prepared to meet the challenge of fiercer competition on world goods and factor markets. In industrialised countries, low … countries could have raised their share in world welfare gains if they had committed themselves more strongly to binding trade …

favor of business interests and against the development objectives of Third World economies. It is for various reasons that …

The multilateral trade negotiations in the Uruguay Round have stagnated for years. At the same time, the world economy …. The future of the world trading system depends critically on whether the trading partners realise that regionalism cannot … integration and multilateral trade liberalisation could reinforce each other rests with the world's leading trading partners. Open …