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Special and Differential Treatment for Developing Countries

Emanuel Ornelas

No 11162, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Special and Differential Treatment for Developing Countries (SDT) constitutes a central feature of the GATT/WTO system. Its formal goal is to foster export-led growth in developing countries. Its theoretical foundations and empirical support are, however, weak at best. In particular, SDT conflicts with the GATT's two key principles of reciprocity and nondiscrimination, compromising the efficiency of the multilateral trading system. Still, if SDT provisions help those who most need help, sacrificing economic efficiency may be justifiable. However, there are numerous criticisms, on theoretical and empirical grounds, to the premises and the achievements of SDT-based disciplines, casting serious doubt on its effectiveness in helping developing countries trade and grow. For researchers, the good news is that there is plenty of room for progress, with several important areas where our understanding remains unsatisfactory but progress is feasible---that is, where the expected return to research effort seems unusually high.

Keywords: export-led growth; firm delocation; Generalized System of Preferences; preferential tariffs; terms of trade; trade policy; World Trade Organization (search for similar items in EconPapers)
JEL-codes: F13 F55 F63 F68 O19 O24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
Date: 2016-03
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