Global Trade and Self-Interest

Paper Summary:

The paper attributes the failure of the world trade negotiations to the conflict of interest between developed and developing countries. The paper explains that while developed countries tend to focus on their profit margins rather than the reduction of worldwide poverty, developing countries have their own industrial upliftment in mind. The paper explains why it is much more sustainable and beneficial for all involved to uplift poor countries towards the international marketplace instead of offering financial aid. The paper contends that if delegates from the developed world can remove their mental barriers, they can perhaps also remove the trade and subsidy barriers that are currently keeping poor countries from alleviating their economic crises on a permanent, long-term scale.

From the Paper:

"There are a variety of elements that play a role in World Trade negotiations. The fact that many different countries from both the developed and developing world are involved in these negotiations tend to complicate the issues. Indeed, each country has different interests and focal points in mind when negotiating. Developed countries for example tend to focus on their profit margins rather than the reduction of worldwide poverty, while developing countries have their own industrial upliftment in mind. This is the core of the reasons for the latest failures in Global Trade negotiations."

Sample of Sources Used:

• Department for Business Enterprise and Regulatory Reform. Developing Countries and the WTO. 2007. http://www.dti.gov.uk/europeandtrade/developing-countries/index.html
• Environment News Service. World Trade Negotiations Collapse. 2003. http://www.ens-newswire.com/ens/sep2003/2003-09-15-02.asp
• The William and Flora Hewlett Foundation. Barriers to Trade. 2006. http://www.hewlett.org/Programs/GlobalAffairs/tradebarriers/
• World Vision eNews. Geneva: Trade Negotiations Collapse; Poor Nations Hurt Most by WTO Failure. 2007, World Vision, Inc. http://www.worldvision.org/about_us.nsf/child/enews_geneva_20060822?open&lid=WTO_Fail

More papers on Global Trade and Self-Interest:

• Analytical Essay # 55336 : "International Policy Trade-Offs"
• Argumentative Essay # 100382 : "WTO and Global Trade"
• Research Paper # 66202 : "Structural Adjustment Programs"

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