This paper deals with poverty in developing countries.

I first describe how concerns about development of less developed countries were reflected in the evolution of the multilateral trading system, from GATT 1947 to the conclusion of the Uruguay Round of multilateral trade negociation and the establishment of the World Trade Organisation (WTO). In...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

The paper reviews the experience of developing countries in the multilateral trading system forme the conclusion of the GATT in 1947 and the establishment of the WTO in 1995. It traces the origins of GATT and the history of eight successive rounds of multilateral negotiations under its auspices...