Developing Countries and World Trade Performance and Prospects

by Akyüz, Yilmaz

• ISBN13: 9781842774113
• ISBN10: 1842774115
• Format: Paperback
• Copyright: 2004-10-01
• Publisher: Zed Books

Summary

This book is an invaluable examination of the changing patterns of developing country participation in international trade. It also contains the policy warning that the key challenge confronting developing countries today is not more trade liberalization on their part, but improving the terms of their participation in trade and increasing the still limited and unstable benefits they derive from it. This requires not just getting developed countries to change their commercial policies that limit access to their markets, but renegotiating with transnational corporations the highly skewed distributions of gains from trade and investment.

Author Biography

Yilmaz Akyuz is Acting Director of the Division on Globalization and Development Strategies at UNCTAD.

Table of Contents

Abbreviations	ix
Preface by Rubens Ricupero, Secretary-General of UNCTAD	xi
Chapter 1 EXPORT DYNAMISM AND INDUSTRIALIZATION IN DEVELOPING COUNTRIES
A. Introduction
B. Dynamic products in world trade	6	(4)
C. Factors contributing to trade expansion in different products	10	(12)
1. Income growth and demand	12	(3)
2. Market access	15	(3)
3. International production networks	18	(4)
D. Export dynamism and the potential for productivity growth	22	(7)
E. Variations among developing countries	29	(3)
F. Exports, industrialization and growth	32	(15)
1. International production networks, trade and industrialization	32	(7)
2. Trade in manufactures, value added, and growth	39	(8)
G. Conclusions	47	(3)
Annex 1.A Growth and classification of world merchandise exports	50	(8)
Annex 1.B United States trade prices and dynamic products	58	(4)
Annex 1.C International production networks and industrialization in developing countries	62	(16)
References	78	(5)
Chapter 2 COMPETITION AND THE FALLACY OF COMPOSITION
A. The issues at stake	83	(4)
B. The terms of trade of developing country exports: a review of the evidence	87	(6)
C. Competition in world markets for labour-intensive manufactures	93	(6)
D. Skill profile of world trade and shifts in competitiveness	99	(5)
E. Tariff barriers to exports of labour-intensive manufactures	104	(9)
1. Barriers in multilateral trading arrangements	104	(6)
2. Preferential trading arrangements and market access	110	(3)
F. Policy responses	113	(7)
References	120	(3)
Chapter 3 CHINA'S ACCESSION TO WTO: MANAGING INTEGRATION AND INDUSTRIALIZATION
A. Introduction	123	(4)
B. Accession: changes in China's import regime	127	(4)
1. Tariff and non-tariff measures (NTMs)	127	(1)
2. Subsidies	128	(2)
3. State trading and non-discrimination	130	(1)
C. Industrial structure, trade and employment	131	(14)
1. Trade liberalization, public enterprises and employment	133	(7)
2. Foreign direct investment, employment and trade	140	(5)
D. Trade prospects	145	(11)
1. Costs, competitiveness and market penetration	146	(6)
2. Competition with other developing countries	152	(1)
3. China's imports from developing countries	153	(3)
E. Conclusions: managing integration	156	(4)
References	160