Unequal Exchange: Developing Countries in the International Trade Negotiations

The results of the Uruguay Round, show that the concessions given by developing countries were generally more valuable than those they received from industrial countries. I suggest that this outcome is explained by aggressive demands from industrial countries, and by the lack of resources at the dis...

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Bibliographic Details
Published inContributions to Economic Analysis Vol. 270; pp. 295 - 327
Main Author Nogues, Julio J
Format Book Chapter
LanguageEnglish
Published Elsevier Science & Technology 2004
Emerald Group Publishing Limited
Subjects
Latin America
reciprocity
Uruguay Round
Uruguay Round
F13
F15
Latin America
reciprocity
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Summary:The results of the Uruguay Round, show that the concessions given by developing countries were generally more valuable than those they received from industrial countries. I suggest that this outcome is explained by aggressive demands from industrial countries, and by the lack of resources at the disposal of developing countries. These and other ‘structural factors’ weaken the negotiating capacity of developing countries and the outcome of their bargaining is likely to be an ‘unequal exchange of concessions’. The chapter discusses the costs of these exchanges, and the structural factors that help to understand the processes leading to these outcomes.
ISBN:9780444518163
0444518169
ISSN:0573-8555
DOI:10.1016/S0573-8555(04)70012-7