International Trade Policy : a Developing Country Perspective

International trade plays a definitive role in the economic growth process. The developing countries accounted for over one quarter of total world trade by value in the early eighties; this proportion declined to a fifth in 1987. The developing countries, except for a handful of them, have made serious and expansive errors in their trade policies. The primary objective of Professor Das is to clear the cobwebs of confusion and misgivings that are only too apparent in the realm of trade policy. The book is addressed to the domestic as well as the international aspects of trade policy in the developing countries. It takes the neoclassical economic philosophic lines and makes an analytical case for free trade with hard-hitting arguments. Front Matter....Pages i-xiii The Contemporary Trade Scenario....Pages 1-20 The Link: Trade Policy and Economic Growth....Pages 21-41 Developing Countries in the Multilateral Trading System....Pages 42-71 The Erosion of the GATT Framework....Pages 72-86 The Policy Blueprint....Pages 87-114 The Uruguay Round of Multilateral Trade Negotiations....Pages 115-130 Back Matter....Pages 131-149 The objective of this book is to bring theory and knowledge of the economics of international and domestic trade to bear on the policy decisions in the developing countries, by drawing from real life trade issues and academic research.