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Preferential Trade Agreement and Third World Economies Essay Example

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Preferential Trade Agreement and Third World Economies

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Preferential Trade Agreement and Third World Economies. To achieve this, three major premises or variables shall be investigated as part of the scope of the study. These premises and the theme that together form the scope of the study have been demonstrated in the diagram below.What makes the research questions and the scope of the study unique is that it takes a spiral and holistic approach to the theme of economic growth in 3rd world economies. By spiral, reference is being made to the fact that the eventual goal of economic growth will be approached from a systematic order where one thing must lead to the other in order to bring the needed change. By holistic also, reference is being made to the fact that the research will not only look at what needs to be done but what needs to be avoided.

By this, all forms of unfair trade agreements that have only taken advantage of third world economies will be exposed. The rationale for such a spiral and holistic approach is that Martin, Marchetti and Lim (2007) criticised existing approaches to economic growth in third world economies as being haphazard and lacking systematic plan that recognises barriers that must be overcome before growth can be achieved.The proposed study will be conducted in a manner that departs from existing literature so as to make the topic different from others. The study will therefore seek to bridge two major gaps in literature. These two are answering the questions of “why” and “how”. Throughout literature, one major trend that has been found is that most researchers seek to find out “what” preferential trade agreement is and “what” has been done with it since the 1940s. What is particularly missing is the question of why what has been done has been done and why most third world economies have been marginalised according WTO database (Schropp, 2010). Based on the research questions set, the study will delve into why third world economies have not taken maximum benefit of PTAs in creating regional integration. The researcher posits that it is only when the causes of the problem are known that the best solutions can be found. Secondly, the study will focus on how PTA can best be used among third world economies and how best third world economies can better liaise with developed economies to ensure fairness in trade pacts.The study will be conducted after the qualitative research approach. This means that the. Preferential Trade Agreement and Third World Economies.

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Clyde H. G (2007). Preferential Trade Arrangements in the World Economy: Two New Databases and Seven Questions. Bern: World Trade Institute.

Jacint J., Levi-Faur D. and Fernandez X (2011). The Global Diffusion of Regulatory Agencies & the Restructuring of the State. Comparative Political Studies, 4(3); 34-53.

Moonhawk K. (2010). “Bringing Trade Liberalization Back into Trade Agreements: Explaining the Variation in U.S. Preferential Trade Agreements,” Paper presented at the Workshop on The Politics of Preferential Trade Agreements: Theory, Measurement, and Empirical Applications, Princeton University, April 30-May 1.

Hans-Dieter K., Volkens A., Budge I., Bara J. and McDonald M. (2006). Mapping Policy Preferences II: Parties, Electorates and Governments in Eastern Europe and the OECD 1990-2003. Oxford: Oxford University Press.

National Council for Science and Environment (2005). CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws. Order Code 97-905.

Martin R., Marchetti J. and Lim H. (2007). Services Liberalization in the New Generation of Preferential Trade Agreements (PTAs): How Much Further than the GATS? World Trade Review 6(2):155-92.

Schropp S. (2010). Trade Policy Flexibility and Enforcement in the World Trade Organization: A Law and Economics Analysis. Cambridge: Cambridge University Press.

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