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Developing Nations and the Politics of Global Integration
Paperback
Series: Integrating National Economies: Promise & Pitfalls
Business GeneralEconomicsInternational Relations
ISBN13: 9780815733898
Publisher: Brookings Institution Press
Published: Apr 1 1995
Pages: 210
Weight: 0.62
Height: 0.58 Width: 6.08 Depth: 9.06
Language: English
Developing countries are becoming important players in the world economy. Although they were slow to liberalize trade, they are now joining the more economically advanced nations in implementing trade reforms and in taking steps to deepen global integration. The lowering of trade barriers and the growth of foreign investment have benefited the developing countries but have also created vulnerabilities, including risks of dependence and political interference. Is deeper integration in the best interest of developing countries?
Haggard addresses such central questions as: Will developing countries benefit from the deep integration agenda? Will they instead join closed regional blocs that fragment the international economy? Will the developing nations orient themselves toward the multilateral institutions, particularly the World Trade Organization, or will they gravitate toward regional arrangements. Haggard argues that the advanced developing countries have become strong supporters of the multilateral system and that the extent of regionalism has been over stated. He contends that a more serious threat is the lure of biliteralism and the effort of the advanced industrial states to impose standards on developing countries that are inappropriate or politically counterproductive.
A volume of Brookings' Integrating National Economies Series
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