Trade Liberalization and Its Economic Impact on Developing and Least Developed Countries

Annotated Bibliography

Abbas, S. (2014) .Trade liberalization and its economic impact on developing and least developed countries. Journal of International Trade Law and Policy, Vol.13 (3), pp.215-221.

The purpose of the article is to examine the effect of trade liberalization on economic growth of chosen developing and least developed countries by increase standard production function. This paper published by Emerald Group Publishing Limited which counts a reliable source and gives helpful information for this assignment because it explains why international trade liberalization is not benefit for all nations levels.

CIPE. (2013). The Importance of Trade Liberalization for Developing countries . Retrieved November 28, 2016, from http://www.cipe.org/blog/2013/08/05/the-importance-of-trade-liberalization-for-developing-countries/#.WDzR_X3o0RZ.

The article asked which countries can benefit from global trade and what the costs are. Also the reasons of why do nations make global trade according to the comparative advantage . This article is published by Center for International Private Enterprise. The CIPE Development blog discusses international development issues in light of CIPE’s programs and world events. This is a useful source for getting a general overview of global trade Liberalization.

Copper, R. (2013). Understanding Regional Integration in the GCC. Retrieved from http://www.e-ir.info/2013/07/08/understanding-regional-integration-in-the-gcc/.

This article argues the role of regional trade agreement represented in Gulf Countries Council (GCC) to strengthen trade and economic integration among the GCC countries, which qualifies them to play an active and influential on the world trade theater role. This paper looked to give answer about this question: "What political, institutional, and monetary variables will clarify the development of the GCC in its integration efforts. These will help to comprehend crucial considers in the advancement of RTAs and its useful to the general advance of global trade liberalization.

Custom Writing. (2014). Regional trade agreement versus global trade liberalization. Retrieved from http://www.247customwriting.com/component/k2/item/1196-regional-trade-agreements-versus-global-trade-liberalization.html.

The essay discussed RTAs versus international exchange liberalization with the expectation of (RTA) is corresponding exchange agreement between two or extra nation partners. RTA expels all barriers of exchange and foreign investment that may have generally been hindering business forms over the included nations. It was published since 2014; the paper is useful because it help understanding when we well get the most benefits from RTAs.

Khachaturian, T., Riker, D., & Ubee, R. (2016, June). Economic Impact of Trade Agreements Implemented Under Trade Authorities Procedures (Report No. 4614). Washington, DC. United States International Trade Commission.

This report surveys the economic effect of trade agreements on the US. The report analysis various impacts of the trade agreement, thorough effects on global exchange in products and services, buyers, work markets and global investment. This report published on the website of The United States International Trade Commission (USITC) which is an autonomous, quasi-judicial Federal organization with expansive investigative duties on matters of trade. It is a highly helpful resource because the report has different kinds of case studies to highlight the impact of RTAs on the United States industries, which result that most of RTAs have a positive impact to generate profits, and some of RTAs have a negative impact.

Kreinin, M. (2016). Trade Liberalization-The Global Approach. Retrieved from http://lansingbusinessnews.com/features/2016/07/trade-liberalization-the-global-approach/.

The article outlines the importance of international trade at the global level in order to if it has a positive or negative impact on the global economy. Kreinin, who is the author of the article, is a university distinguished professor of economics. Kreinin is a writer of about 200 materials about economics which means high experience in the economic issues.

Moylan, T. (2012, November). Is Regionalism a Threat to Trade Liberalization?. Dublin City University. Retrieved from http://www.e-ir.info/2013/04/10/is-regionalism-a-threat-to-trade-liberalization/.

The paper contends that regionalism is in certainty a stage forward on the road to multilateral exchange liberalization. It shows the issue of regional trade agreement and assessing the impact they have on the probability for multilateral trade liberalization. This article is useful to understand the benefit of the regional trade in the context of multilateral trade liberalization.

Siddiqui, K. (2015). Trade Liberalization and Economic Development. International Journal of Political Economy ,, 44(3), 228-247. doi:10.1080/08911916.2015.1095050.

This article inspects the writing on trade liberalization and economic improvement. The article briefly outlines the international trade established by ideas of comparative advantage. It has written by Kalim Siddiqui who is a senior lecturer of international economics at the University of Huddersfield in UK. The article is important because it explains why not all nations gain from the trade liberalization.

Regional Trade Agreements and Global Trade Liberalization

The need to implement further economic integration between the countries is a strategic goal and a necessity imposed by global economic developments. The international trade in the recent years coupled with the phenomenon of Regional Trade Agreements (RTAs) that swept the international arena, targeting of trade liberalization on the one hand and preparing for the arrival