The Policy Blueprint

Abstract

This chapter sets forth not an ‘ideal’, but aLa William Cline a ‘constrained ideal’, of a trading regime for the LDCs. The ideal regime, like perfect competition, may only be notional. It may, indeed, result in optimal resource allocation, but be difficult to put in place. In what follows, we shall try to look at the domestic and international aspects of the international trade strategy for LDCs as well as at the role of the international institutions.