IGS 10a Lecture Notes - Lecture 23: Doha Development Round, Uruguay Round, Kuznets Curve
Document Summary
Comparative advantage makes it hard for other countries to benefit. Don"t you want to keep the family farm etc. Increase of food supply, decreases food prices, which reduces revenue for farmers in developing countries. Developing countries tried to use doha round as a vehicle for eliminating subsidies. Wto dispute settlement requiring eu to cut sugar subsidies. Improvement in investment in developing countries (specifically mozambique and. Developing countries have comparative advantage because it"s labor intensive so developed countries restrict imports. Quotas: numerical limits on how much can be imported from each country. Multi-fiber arrangement (mfa): complex quota system which was supposed to be short term but lasted over 20 years. Regulated quotas on a bilateral basis and was supposed to just allow time to adjust. Agreement to end quotas on textiles and clothing. Allowed for increase in production in developing countries. Use trade as engine of economic development. Oxfam: ngo with campaign to make trade fairer.