TRADE BETWEEN DEVELOPED AND DEVELOPING …

TRADE BETWEEN DEVELOPED AND DEVELOPING countries ': THE DECADE AHEAD Bela Balassa CONTENTS Introduction .. 8 1. TRADE policies and interdependence through TRADE in manufactured goods .. TRADE policies of DEVELOPED countries TRADE policies of DEVELOPING countries TRADE in manufactured goods BETWEEN DEVELOPED and DEVELOPING countries .. 13 .. 8 8 11 11. Multilateral TRADE liberalisation and the interests of DEVELOPED and DEVELOPING countries .. 16 TRADE liberalisation in DEVELOPING countries and DEVELOPED country interests .. 16 TRADE liberalisation in DEVELOPED countries and DEVELOPING country interests .. 19 TRADE negotiations BETWEEN the DEVELOPED countries and the newly- industrialising DEVELOPING countries .. 20 111. Modalities for North-South TRADE negotiations .. 2 1 The content of the negotiations .. 22 The adjustment problem .. 23 Concluding remarks .. 24 Bibliography .. 25 Steps towards a North-South round of TRADE negotiations .. , .. 21 This paper was prepared as part of a consultancy for the OECD by Bela Balassa, Professor of Political Economy at the Johns Hopkins University and Consultant to the World Bank.

The developing countries nevertheless benefitted from the tariff reductions that were made under the most-favoured-nation clause. By the early 1960s' tariffs on manufactured goods imported from the developing countries had declined to a considerable extent, although remaining higher than the developed countries' overall ...

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