The WTO and Infant Industry Promotion in Developing Countries

The WTO and Infant Industry Promotion in Developing Countries
Author: Juan He
Publisher: Routledge
Total Pages: 304
Release: 2014-09-25
Genre: Business & Economics
ISBN: 1317664639

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The charter of the World Trade Organization (WTO) sets the tone that sustainable trade and economic development dominates multilateral trade negotiation and specific working agreements. This book examines the novel challenge for developing countries to upgrade and optimize their industrial structure and trade composition by stimulating genuinely innovative and competitive industrial strength. The book specifically explores the issue of infant industry promotion under the legal framework of the WTO treaties and case law. Taking the regulatory measures and incentives China has used to build up a large civil aircraft supplier, the book evaluates the key trade agreements relevant to infant industry promotional policies and practices, such as product regulations and standards under the 'Agreement on Technical Barriers to Trade', and export promotion policies under the 'Agreement on Subsidies and Countervailing Measures'. Juan He argues that the regulatory room prescribed by the multilateral trade rules of the WTO does not allow adequate space for developing countries to encourage new and technologically advanced areas of production and trade. The author concludes by suggesting ways in which WTO rules could be modified to help enable developing countries’ industrialization. In doing so, the book highlights a need to investigate how localized and international policy trends can be reconciled and enhanced towards the common goal of development. The book will be of great interest to scholars and students of international trade law, Chinese studies, international political economy, and of great use to government agencies responsible for internal trade and industrial policy decisions.

The WTO and Infant Industry Promotion in Developing Countries

The WTO and Infant Industry Promotion in Developing Countries
Author: Juan He
Publisher:
Total Pages: 304
Release: 2015
Genre: Business & Economics
ISBN: 9781315767833

Download The WTO and Infant Industry Promotion in Developing Countries Book in PDF, Epub and Kindle

The charter of the World Trade Organization (WTO) sets the tone that sustainable trade and economic development dominates multilateral trade negotiation and specific working agreements. This book examines the novel challenge for developing countries to upgrade and optimize their industrial structure and trade composition by stimulating genuinely innovative and competitive industrial strength. The book specifically explores the issue of infant industry promotion under the legal framework of the WTO treaties and case law. Taking the regulatory measures and incentives China has used to build up a large civil aircraft supplier, the book evaluates the key trade agreements relevant to infant industry promotional policies and practices, such as product regulations and standards under the 'Agreement on Technical Barriers to Trade', and export promotion policies under the 'Agreement on Subsidies and Countervailing Measures'. Juan He argues that the regulatory room prescribed by the multilateral trade rules of the WTO does not allow adequate space for developing countries to encourage new and technologically advanced areas of production and trade. The author concludes by suggesting ways in which WTO rules could be modified to help enable developing countries industrialization. In doing so, the book highlights a need to investigate how localized and international policy trends can be reconciled and enhanced towards the common goal of development. The book will be of great interest to scholars and students of international trade law, Chinese studies, international political economy, and of great use to government agencies responsible for internal trade and industrial policy decisions."

Infant Industry Argument

Infant Industry Argument
Author: Mamdouh Abdelkader
Publisher:
Total Pages: 17
Release: 2018
Genre:
ISBN:

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This paper verifies the possibility of using Infant industry protection strategy to improve manufacturing competitiveness in developing countries. The main theoretical bases of this strategy are: its significant role in creating dynamic comparative advantages in manufacturing sector. This protection also gives the industry time to learn by doing and achieve its positive externalities. In addition, infant industry protection can be a virtual solution to market failure which may impedes the establishment of such industry. This study supports infant industry argument validity by showing successful experiences of some countries at various times in history. It is found that most countries used such policy to reach their industrialization. Some studies tried to refute the infant industry argument but they based their criticism mainly on the failure of some developing countries to correctly apply this policy, not on their theoretical justification. Despite current WTO restriction to use infant industry, the paper argues that the chance of adopting this strategy still exists. This can be mainly achieved by some policy space of WTO rules to adopt this policy, especially if these countries focus on technology intensive industries. In addition, developing countries can exploit the increasing number of Regional Trade Agreements (RTAs) to support their infant industries. RTAs extend the market size that may help infant industries to develop their competitiveness through achieving economies of scale, learning by doing and supporting backward and forward linkages.

Developing Countries in the GATT Legal System

Developing Countries in the GATT Legal System
Author: Robert E. Hudec
Publisher: Cambridge University Press
Total Pages: 233
Release: 2010-11-15
Genre: Law
ISBN: 1139495534

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In this reissued edition of the classic work Developing Countries in the GATT Legal System, Robert E. Hudec's clear insight on the situation of developing countries within the international trade system is once again made available. Hudec is regarded as one of the most prominent commentators on the evolution of the current international trade regime, and this long out-of-print book offers his analysis of the dynamics playing out between developed and developing nations. A significant contribution when the book was first published, this work continues to serve as a thoughtful and important guide to how current and future trade policy must seriously adapt to the demands of the developing world. This new edition includes a new introduction by J. Michael Finger that examines Hudec's work to understand how the GATT got into its current historical-institutional predicament and the lasting impact of his work on current research on international trade systems.

Kicking Away the Ladder

Kicking Away the Ladder
Author: Ha-Joon Chang
Publisher: Anthem Press
Total Pages: 196
Release: 2002-07-01
Genre: Business & Economics
ISBN: 0857287613

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How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.

Industrial Policy and the WTO

Industrial Policy and the WTO
Author: Bijit Bora
Publisher: United Nations Conference on Trade and Development
Total Pages: 48
Release: 2000
Genre: Business & Economics
ISBN:

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The working definition of industrial policy is "government efforts to alter industrial structure to promote productivity and growth". This paper is a review of the objectives and instruments of industrial policy in the changing global context of multilateral rules and discipline. It examines the theory, objectives and justifications of industrial policy, the instruments used and assessment as to whether changes have been the result of multilateral developments or unilateral reform efforts. it also looks at the extent to which WTO rules affect a members ability to pursue industrial policy objectives.This is part of the UNCTAD Study Series of 8 publications, which review economic and trade issues that affect developing countries.

Reclaiming Development in the World Trading System

Reclaiming Development in the World Trading System
Author: Yong-Shik Lee
Publisher: Cambridge University Press
Total Pages: 519
Release: 2016-10-20
Genre: Law
ISBN: 1316727823

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Providing extensive coverage of international trade law from an economic development perspective, this second edition of Reclaiming Development in the World Trading System offers discussion of key principles of international trade law, trade measures, trade and development issues, and regulatory reform. Including such topics as the most-favored-nation principle, national treatment, and tariff binding, Lee also offers insightful analysis into new areas pertaining to agriculture and textile, trade-related investment, intellectual property rights, and trade in services. Looking at trade and development issues in Asia, Africa, and Latin America, as well as microtrade, an innovative international trade system designed to relieve the absolute poverty of least-developed countries, this book is essential reading that gives context to development interests and advances specific regulatory and institutional reform proposals. Lee lends insight into these topics with case analysis exemplifying how our trading systems have been adopted by the developing world in order to foster their own economic development.

Reclaiming Development in the World Trading System

Reclaiming Development in the World Trading System
Author: Yong-Shik Lee
Publisher: Cambridge University Press
Total Pages: 216
Release: 2006-01-30
Genre: Law
ISBN: 1139446800

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Prevalent poverty in less developed countries is one of the most pressing issues of our time and economic development in these countries is necessary to bring them out of poverty. As seen in the successful development cases of East Asian countries, international trade is closely relevant to economic development, and export facilitation and effective industrial policies have been the key to the successful development. Current GATT/WTO provisions facilitating development are insufficient and some WTO provisions prevent developing countries from adopting effective development policies. This book is the first attempt to suggest a comprehensive modification of the current GATT/WTO disciplines to better facilitate development. The book also examines the need to elevate the level of regulatory treatment of development issues by the WTO and proposes the Agreement on Development Facilitation and the Council for Trade and Development within the WTO.

Fair Trade for All: How Trade Can Promote Development

Fair Trade for All: How Trade Can Promote Development
Author: Joseph E. Stiglitz
Publisher: Oxford University Press
Total Pages: 647
Release: 2007-08-01
Genre: Business & Economics
ISBN: 0199887004

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Winner of the Nobel Prize in Economics and author of the New York Times bestselling book Globalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper. In Fair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. The book illuminates the reforms and principles upon which a successful settlement must be based. Vividly written, highly topical, and packed with insightful analyses, Fair Trade For All offers a radical new solution to the problems of world trade. It is a must read for anyone interested in globalization and development in the Third World.