Problem
Trade barriers and protectionism among developing countries
Nature:
Special preferential arrangements between some developed and developing countries result in imports from other developing countries being faced with more restrictive tariff or non-tariff barriers than competing imports from these developed countries. Lowering of trade barriers among developing countries is more difficult than among developed countries because of the threat to their sensitive balance of payments situation; loss of customs revenue which is a principal form of taxation; and the loss of employment opportunities in activities which have to be abandoned as a result of trade liberalization. That such losses would presumably be compensated by increased output and employment in other sectors is not likely to carry much weight with governments in the conditions of under-employment and under-utilization of capacity which prevail in most developing countries.
Related Problems:
Limited exchange of skills among developing countries Strategies:
Evaluating effects of world trade agreements on trade defence instrumentsTrading among developing countriesProtecting trade between developing countriesReducing protectionism in international tradeReducing trade barriers and protectionism between developing countries Subject(s):
Commerce → Conditions of tradeCommerce → Trade
Societal Problems → Impediments
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
04.10.2020 – 22:48 CEST