InTERNATIONAL STUDIES IN BUSINESS Assignment Example | Topics and Well Written Essays - 250 words - 1

InTERNATIONAL STUDIES IN BUSINESS - Assignment Example Conventional theory argues that liberation in trade should benefit the developing countries more than it benefitted the developed countries because globalisation is supposed to assist the countrys joining the bigger economies have access to their markets. On the contrary, it is the developed countries which have been gaining instead. On April 10, 2006, immediately after the director general had announced that they were planning to implement the Doha strategy some countries like U.S started demanding benefits for its own economy in case they provide aid to LDCs. I agree; WTO is meant to improve comprative advantage and hence increase international trade. WTO has made progressive in balancing trade between developed countries and developing countries, however, for globalization to be achieved, WTO will have to lower export tarrrifs for LCDs. Also developed countries should provide a good political