World Trade Organization and the Third World: Special Edition

Notion Press
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The book, World Trade Organization and the Third World neatly traces the background against which the General Agreement on Trade & Tariffs(GATT) was formed with the objective of upholding free and fair trade at global level, until the Final Agreement was arrived at under GATT.

An overview is made about the results of the various rounds of trade talks /negotiations concluded so far under the aegis of GATT, in particular, about the Uruguay Round and its results.

It also clearly discusses the various measures against unfair trade practices, Contingency Trade Measures for Improvement of Global Trade and the agreements reached so far in both traditional and non-traditional trade areas/sectors, and their implications on Third World countries including India.

It embarks well upon the experiences of the developing and the less developed countries in the Third World, and suggests different ways to negotiate in future. It has been well-proven in this book that the Ministerial Conferences at WTO level are a bit uncertain and unpredictable.

The book thus unfolds the deficiencies and imbalances witnessed under the WTO system, and points out the critical choices to be made by the member nations of WTO in future negotiations.
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About the author

Dr.Menjor Singh (b.1952) is a graduate with Honors’ in Economics from Gauhati University in 1972, and completed his M.A. in Economics from the same University in 1974. He obtained a Ph.D. from Manipur University in 1988. Shri Singh, a reader in Economics was teaching Economics for more than two decades.

While discharging his official work as a Joint Director, Higher Education (University), Govt. of Manipur, India. He was also more into research work and others guiding Ph.D. scholars. He took a voluntary retirement in 2010, with a hope of serving the poor and down-trodden people in particular.

He is presently engaged with many projects both at governmental and non-governmental levels, also in writing and publishing his other books and research works.
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Additional Information

Notion Press
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Published on
Nov 24, 2017
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Business & Economics / Taxation / Corporate
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Content Protection
This content is DRM free.
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Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international trade: agriculture, textiles and clothing (T&C), and cross-border labor mobility. Incidentally, these are also the trade sectors which experienced widespread protectionist measures, especially in developed world, for decade after decade. Under the World Trade Organization (WTO), which replaced the General Agreement on Tariff and Trade (GATT) in 1995, much of the restrictions in T&C trade has been phased out, but still this sector faces much higher tariff and non-tariff barriers than any other manufacturing sector in world economy. The agricultural sector also experienced significant dismantling of deeply entrenched trade barriers under the WTO over the course of last two decades, but the sector still remains plagued with quite extensive domestic supports, export subsidies, and tariff barriers. At the same time, despite both theoretical expositions and empirical trends point to significant potential gains from cross-border labor mobility, the sector remains mired in a complex quagmire of economic and political restrictions around the world. Thus, all three sectors in which less developed countries have exports interests still remain less liberalized than the sectors in which developed countries have exports interests.

This book provides an in-depth and up-to-date scholarly analysis of all three trade sectors—agriculture, T&C and cross-border labor mobility—with a penetrating scrutiny of historical backgrounds and developments, crosscurrents of interests and perspectives of both developed and developing countries, and evolving trade patterns and potentials in a more liberalized and globalized world economy. The book also identifies critical economic issues and options for less developed countries in the WTO negotiations for further liberalization of agriculture, T&C, and cross-border labor mobility. This volume will be an important point of reference for students, scholars, and practitioners of international trade, economic development, development economics, and WTO-related issues.

In the third edition of this international best seller, Lawrence
Cunningham brings you the latest wisdom from Warren Buffett’s annual
letters to Berkshire Hathaway shareholders. New material addresses:
the financial crisis and its continuing implications for investors, managers and society;the housing bubble at the bottom of that crisis;the debt and derivatives excesses that fueled the crisis and how to deal with them;controlling risk and protecting reputation in corporate governance;Berkshire’s acquisition and operation of Burlington Northern Santa Fe;the role of oversight in heavily regulated industries;investment possibilities today; andweaknesses of popular option valuation models.

Some other material has been rearranged to deepen the themes and lessons that the collection has always produced:

Buffett’s “owner-related business principles” are in the prologue as a separate subject andvaluation and accounting topics are spread over four instead of two sections and reordered to sharpen their payoff.

Media coverage is available at the following links:


Motley Fool, click here.

Money, Riches and Wealth, click here.

Manual of Ideas, click here.

Corporate Counsel, click here.


William J. Taylor, ABA Banking Journal, click here.

Bob Morris, Blogging on Business, click here.

Pamela Holmes, Saturday Evening Post, click here.

Kevin M. LaCroix, D&O Diary, click here.

Blog Posts:

On Finance issues (Columbia University), click here.

On Berkshire post-Buffett (Manual of Ideas), click here.

On Publishing the book (Value Walk), click here.

On Governance issues (Harvard University blog), click here.

Featured Stories/Recommended Reading:

Motley Fool, click here.

Stock Market Blog, click here.

Motley Fool Interviews with LAC at Berkshire's 2013 Annual Meeting

Berkshire Businesses: Vastly Different, Same DNA, click here.

Is Berkshire's Fat Wallet an Enemy to Its Success?, click here.

Post-Buffett Berkshire: Same Question, Same Answer, click here.

How a Disciplined Value Approach Works Across the Decades, click here.

Through the Years: Constant Themes in Buffett's Letters, click here.

Buffett's Single Greatest Accomplishment, click here.

Where Buffett Is Finding Moats These Days, click here.

How Buffett Has Changed Through the Years, click here.

Speculating on Buffett's Next Acquisition, click here.

Buffett Says “Chief Risk Officers” Are a Terrible Mistake, click here.

Berkshire Without Buffett, click here.

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