South Trade Preferences

". . . This volume is bound to strengthen the relevance of the topic [GSTP] and attract more attention to the potential role of the South-South trade."--Development and ChangeIn recent years, people are realizing that enhanced trade among less developed countries will not only be to their mutual advantage, but could well serve as an important impetus for economic development. This important realization is accompanied by fresh thinking on traditional theories of international trade to encompass the trade policies of less developed countries. This volume analyzes the merits of various approaches towards a preferential lowering of trade among developing countries to stimulate South-South trade in manufactures. Utilizing empirical data, the contributors establish what factors entice less developed countries to adopt a protectionist stance and analyze, in considerable detail, the existing structure of trade control measures.Methodologically rich, the contributors make an important contribution to an issue of considerable importance to Third World Countries. This volume will be of interest to students of economics, international trade, political science and policy studies as well as to policy makers and politicians who are engaged in a search for a New World International Economic Order.