Explain why the WTO trading regime is not always beneficial to the global South. What economic sectors in the global South are particularly harmed? Are the nations of the global South compensated? If so, how so?
What will be an ideal response?
Ideal Answer: The ideal answer should include:
1. Describe the WTO trading regime.
2. Explain how it has failed to benefit the global South, touching upon way in which the wealthier nations are allowed to guard particular economic sectors.
3. Investigate the particular sectors in the global South that are harmed – particularly agriculture and textiles.
4. Assess the whether the nations of the global south are compensated, and how. The Generalized System of Preferences should be discussed, as it lowers barriers to exports from the global South.
5. Offer a compelling summary and conclusion.
You might also like to view...
One of the factors that contributed to the demand for opium in Europe and America was the migration of the Chinese
Indicate whether this statement is true or false.
New Atlantica suffers from poor governance, and thereforeit has high levels of poverty and slow GDP growth of 1 percent per year. In response, donors have provided New Atlantica with development aid equal to 2 percent of annual GDP. Based on the World Bank’s calculations, what is the most likely economic result of providing such aid to New Atlantica?
a. Annual GDP growth turns to negative 3 percent. b. Annual GDP growth falls to 0.7 percent. c. Annual GDP growth increases to 1.5 percent. d. Annual GDP growth increases to 5 percent.
Describe the distinguishing characteristics of the structure and personnel of the Senior Executive Service. From your perspective, is such a corps useful? Explain your answer.
What will be an ideal response?
Which term best describes the manner in which the Supreme Court has applied the Bill of Rights to the states?
A. Incorporation B. Selective incorporation C. Complete incorporation D. Consecutive incorporation E. Minimal incorporation