This paper argues that the role of international trade and the institutions that promote the raging process of economic globalization is more likely to be debilitating for developing countries that are not well positioned to benefit from it. It argues that because the globalization process has...

Trade agreements originated as narrow bargains for mutual tariff reductions between countries. Over the years, however, their scope has expanded considerably. First, rules to address domestic laws that discriminated, both overtly and covertly, against foreign products were added, in order to...