To what extent is an unfair world trade system the root cause of the widen development gap between the very rich and very poor?

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Matthew Aspell

Matthew Aspell

Candidate Number 2247

Theale Green Community School 51235

Unit 5B6475/02

“To what extent is an unfair World Trading System the root cause of the widening development gap between very rich and very poor countries?”

Abstract:

The development gap between rich and poor countries has many factors, and although the trading system is one of the largest influences, others can be more important in certain times and places. Trading has relatively few rules and regulations, which can be exploited and whether or not an LEDC is exploited depends upon the government of the LEDC and the company developing inside the LEDC. MNC’s in LEDC’s can help development and stimulation of the economy, or they can cause corruption and further poverty. Some countries which are still considered LEDC’s even though they are economically more powerful than many MEDC’s leading to the answer that the World Trade System cannot be the root cause of the widening development gap otherwise countries like China and India would not be emerging on the world stage.

Contents:

Page 1:

Title and Abstract

Page 2:

Contents page

Page 3:  

Introduction

        What is development, and how is it affected by the World Trade System?

        The Development Gap

Page 4:

        Definitions:

                Multinational Corporations

                Tariffs

                World Trade Organisation

                Economic Globalisation

Page 5-6:

        Section 1: Fiat S.p.A’s development in Brazil

Page 7-8:

        Section 2: India’s economic growth and expanding group of poor

Page 9-10:

        Section 3: China’s resource race, focusing on Peru’s copper mountain

Page 11: Bibliography

To what extent is an unfair World Trading System the root cause of the widening development gap between very rich and very poor countries

Introduction:

The world trading system is the way in which countries buy and sell their resources to each other, however there is some question as to the fairness of rules and regulations and how they effect both LEDC’s and MEDC’s. The World Trade Agreement, which is updated at the World Trade Organisation Trade Round, is created to ensure that all countries have a say in trade regulations. The current round concerning factors important to all countries has been running for almost 7 years. One of the main problems experienced by world trade is that LEDC’s are developing, but not at a rate parallel to that of MEDC’s which leads to many questions at to whether there is exploitation of LEDC’s by MEDC’s. In this report I will examine case studies as to whether or not there is corruption and exploitation taking place in world trade and how much of a hold it has on the World Trading System.

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Section 1:

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