IV.D.1 UNCTAD Resolution 21 (II) on Preferential or Free Entry of Exports of Manufactures and Semi-Manufactures of Developing Countries to the Developed Countries (Generalized System of Preferences) (26 March 1968)

2014 ◽  
pp. 1-2
1975 ◽  
Vol 14 (2) ◽  
pp. 258-259
Author(s):  
A. R. Kemal

The developed economies, except the USA and Canada, have each imple¬mented a Generalized System of Preferences (GSP) in order to encourage exports of the developing countries. Since the tariffs imposed on the imports from the developing countries are relatively small under the GSP, the developing countries have an advantage in the exports of commodities covered by the GSP., The GSPs. of different countries vary in product coverage, depth of tariff cuts', safeguard measures for the protection of domestic industry, and the rules of origin. For a •comparative analysis of the GSPs of different countries, an evaluation of the im¬pact of the overall GSP on the exports of the developing economies, and of sugges¬tions-for devising ways and means for expanding the exports of the developing countries, several committees were formed by the UNCTAD Secretariat. The Report under review is a collection of documents prepared by those committees, including document- Nos. TD/B/C-5.2 to TD/B/C-5.9. These documents are arranged under three heads, viz. General Report, Consideration of some inportant aspects of the GSP, and the Case Studies. The main issues discussed in these re¬ports are: Special measures in favour of the least developed countries; Effect of the GSP on the tariff advantages enjoyed by the African countries associated with the European Economic Community (EEC); Analysis of the rule of origin; and Effects of the GSP of the EEC countries, Japan and the UK on the export earnings of the beneficiary countries.


1976 ◽  
Vol 15 (1) ◽  
pp. 64-89 ◽  
Author(s):  
Zubair Iqbal

All the developed countries that agreed to be donors under the proposal for Generalized System of Preferences (GSP) adopted at the first UNCTAD session in 1964, have introduced their individual (GSP) schemes.1 Under these schemes, imports of a large number of manufactures and semimanufactures from less developed countries are permitted at zero or reduced tariff rates up to a certain maximum amount. The full tariff rates continue to apply to imports from other countries. Attention has focused on the institutional arrangements underlying the schemes, the nature and possible effects of quantitative limitations such as import ceilings and tariff quotas, and the estimation of probable demand responses to preferential tariff cuts in developed countries under specific schemes [3,4, 8, 11, 12, 13 and 14]. An underlying assumption of the GSP has been that a preferential treatment of imports from less developed countries would promote the exports of manu¬factured and semimanufactured products from these countries. The purpose of , this study is not to test or otherwise quantify this hypothesis as such. Rather, this study seeks to provide a comprehensive assessment of the global trade effects of all the schemes, taken individually as well as collectively, by estimating the trade creation, (i.e., increase in world trade) and trade diversion, (i.e., decline in the exports of non-preferred countries) effects. These estimates are drawn upon


1976 ◽  
Vol 30 (1) ◽  
pp. 75-90 ◽  
Author(s):  
Anindya K. Bhattacharya

The article is an empirical study of the political processes leading to the agreement on the Generalized System of Preferences (GSP) that was reached in October 1970 at the United Nations Conference on Trade and Development (UNCTAD). Section I of the article sets out the triangular interests that had to reach agreement among developed countries, among developing countries, and between developed and developing countries. Section II poses the problem of the article: How did the UNCTAD secretariat contribute to the political process that resolved the three-dimensional disagreements, if only on a partial basis? The argument of the article is that sustained institutionalized pressure exerted through the UNCTAD secretariat did make a difference in influencing the policy outcomes on GSP. Certain results were achieved through UNCTAD organizational processes–secretariat ideology, Prebisch's leadership, and pragmatic group bargaining–that could not have been achieved through other means.


1970 ◽  
Vol 10 (4) ◽  
pp. 469-490
Author(s):  
Nurul Islam

Foreign economic aid is at the cross-roads. There is an atmosphere of gloom and disenchantment surrounding international aid in both the developed and developing countries — more so in the former than in the latter. Doubts have grown in the developed countries, especially among the conservatives in these countries, as to the effectiveness of aid in promoting economic development, the wastes and inefficiency involved in the use of aid, the adequacy of self-help on the part of the recipient countries in husbanding and mobilising their own resources for development and the dangers of getting involved, through ex¬tensive foreign-aid operations, in military or diplomatic conflicts. The waning of confidence on the part of the donors in the rationale of foreign aid has been accentuated by an increasing concern with their domestic problems as well as by the occurrence of armed conflicts among the poor, aid-recipient countries strengthened by substantial defence expenditure that diverts resources away from development. The disenchantment on the part of the recipient countries is, on the other hand, associated with the inadequacy of aid, the stop-go nature of its flow in many cases, and the intrusion of noneconomic considerations governing the allocation of aid amongst the recipient countries. There is a reaction in the developing countries against the dependence, political and eco¬nomic, which heavy reliance on foreign aid generates. The threat of the in¬creasing burden of debt-service charge haunts the developing world and brings them back to the donors for renewed assistance and/or debt rescheduling.


2010 ◽  
Vol 27 (4) ◽  
pp. 23-44
Author(s):  
Ruzita Mohd. Amin

The World Trade Organization (WTO), established on 1 January 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), has played an important role in promoting global free trade. The implementation of its agreements, however, has not been smooth and easy. In fact this has been particularly difficult for developing countries, since they are expected to be on a level playing field with the developed countries. After more than a decade of existence, it is worth looking at the WTO’s impact on developing countries, particularly Muslim countries. This paper focuses mainly on the performance of merchandise trade of Muslim countries after they joined the WTO. I first analyze their participation in world merchandise trade and highlight their trade characteristics in general. This is then followed by a short discussion on the implications of WTO agreements on Muslim countries and some recommendations on how to face this challenge.


2018 ◽  
Vol 68 (3) ◽  
pp. 311-335
Author(s):  
Abubakr Saeed ◽  
Yuhua Ding ◽  
Shawkat Hammoudeh ◽  
Ishtiaq Ahmad

This study examines the relationship between terrorism and economic openness that takes into account both the number and intensity of terrorist incidents and the impact of government military expenditures on trade-GDP and foreign direct investment-GDP ratios for both developed and developing countries. It uses the dynamic GMM method to account for endogeneity in the variables. Deaths caused by terrorism have a significant negative impact on FDI flows, and the number of terrorist attacks is also found to be significant in hampering the countries’ ability to trade with other nations. The study also demonstrates that the developing countries exhibit almost similar results to our main analysis. The developed countries exhibit a negative impact of terrorism, but the regression results are not significant.


2020 ◽  
Vol 42 (3) ◽  
Author(s):  
Mohan R Sharma

In 2002, Richard Smith wrote an editorial, “publishing research from developing countries” in the Journal “Statistics in Medicine” highlighting the importance of research and publication from the developing countries (DCs).1 In that article, he mentioned the disparity in research and publication between the developed and developing countries. Almost two decades on, the problem still largely remains the same. It is estimated that more than 80% of the world’s population lives in more than 100 developing countries.2 In terms of disease burden, the prevalence and mortality from diseases in the low and middle-income countries are disproportionately high compared to developed countries.3 Although there is a high burden of disease, we base our treatment inferring results from research and publication from the developed countries which may not be fully generalizable due to geographical cultural, racial, and economic factors. This is where the problem lies.


Author(s):  
Opeyemi Idowu Aluko

Poverty is no longer fashionable even in the less developed countries of the world. The world has deemed poverty-ridden regions of the world as ‘anathema', forbidden, and ignoble. At the same time ways to get out of the menace are regularly strategised over a period of time. The developed countries of the world had been able to nip poverty to the bud significantly, but the developing countries still have a lot to do so as to overcome the menace. Poverty in the developing countries operates in a cycle of repetitions. This makes it difficult to curtail. How can poverty be reduced in the developing countries? This study reveals the reason while poverty has become a domestic phenomenon in developing countries and the way forward. The theory on poverty is evaluated alongside the present economic situation in Africa. The cycle of poverty, which includes the social cycle of poverty (SCP), political cycle of poverty (PCP), and the economic cycle of poverty (ECP), are examined. This study analyses the strategies to break the cycle of poverty in Africa and other developing countries.


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