The Multilateral Trading System: Special and Differential Treatment for Developing Countries in the WTO
The economic argument for an open trading system is based on multilaterally agreed rules that rest largely on commercial common sense. Statistical data clearly shows a link between free trade and economic growth. The principle of “comparative advantage” has proven countries prosper by first taking advantage of their assets, in order to concentrate on what they can produce best, and then by trading these products for different products that other countries produce best.
KeywordsWorld Trade Organization Trading System Uruguay Round Development Partner National Development Plan
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