Author Question: Explain why the WTO trading regime is not always beneficial to the global South. What economic ... (Read 48 times)

javeds · **on:** Sep 4, 2018

Explain why the WTO trading regime is not always beneficial to the global South. What economic sectors in the global South are particularly harmed? Are the nations of the global South compensated? If so, how so?

What will be an ideal response?

Question 2

Analyze the relationship between capitalism and democracy as it relates to the process of development. What process of development would you advocate for leaders in the global South?

What foreign policies would you support for the U.S. to implement, in light of this?
What will be an ideal response?

izzat · **Reply #1 on:** Sep 4, 2018

Answer to Question 1

Ideal Answer: The ideal answer should include:
1. Describe the WTO trading regime.
2. Explain how it has failed to benefit the global South, touching upon way in which the wealthier nations are allowed to guard particular economic sectors.
3. Investigate the particular sectors in the global South that are harmed particularly agriculture and textiles.
4. Assess the whether the nations of the global south are compensated, and how. The Generalized System of Preferences should be discussed, as it lowers barriers to exports from the global South.
5. Offer a compelling summary and conclusion.

Answer to Question 2

Ideal Answer: The ideal answer should include:
1. Outline the intersection of capitalism and democracy and its consequences for development.
2. Suggest the best process of development for the global South. The evidence would seem to support fighting corruption, support of a theory of comparative advantage, and an emphasis on export-led growth, rather than import substitution.
3. Explain what foreign policies the U.S. should implement, in light of this, taking into consideration foreign investment, foreign aid, relief models and more.
4. Offer a concise summary and effective conclusion.