fhfjj

INDEX
SR. No. PARTICULARS PAGE NO.
1.
Executive Summary 6
2. Introduction 8
3.

3.1

3.2 Trade Policies and Interdependence through Trade in Manufactured Goods

Trade Policies of Developed Countries
Trade in Manufactured Goods between Developed and Developing Countries

12

17
4.

4.1

4.2

4.3 Multilateral Trade Liberalisation and the Interests of Developed and Developing Countries

Trade Liberalisation in Developing Countries and Developed Country Interests
Trade Liberalisation in Developed Countries and Developing Country Interests

Trade Negotiations between the Developed Countries and the Newly Industrializing Developing Countries

20

25

27
5.
5.1 Modalities for North-South Trade Negotiations

Steps towards a North-South Round of Trade Negotiations

29

6. The Content of the Negotiations 31
7. The Adjustment Problem 33
8. Concluding Remarks 34 EXECUTIVE SUMMARY

Globalization of the financial sector has become the most rapidly developing and most influential aspect of development of economic globalization. Developed countries have been playing a dominant role in this process. With the developing countries offering few tariff concessions, the developed countries exchanged such concessions on products of interest to them. There is also a greater frequency of relatively high tariffs on the developed countries' imports from the developing countries than on their overall manufactured imports. At the GATT Ministerial meeting in November 1982, proposals were made for a North-South round of trade negotiations, under which developed countries would make tariff concessions to the developing countries on a preferential basis in exchange for the developing countries' liberalising their imports on a most favoured - nation basis. In the language of trade negotiations, these countries were asked to offer concessions to reduce their tariff and nontariff barriers in