Developing Countries and World Trade: Performance and Prospects

This book is an invaluable examination of the changing patterns of developing country participation in international trade. It also contains the policy warning that the key challenge confronting developing countries today is not more trade liberalization on their part, but improving the terms of their participation in trade and increasing the still limited and unstable benefits they derive from it. This requires not just getting developed countries to change their commercial policies that limit access to their markets, but renegotiating with transnational corporations the highly skewed distributions of gains from trade and investment.

Yilmaz Akyuz is Acting Director of the Division on Globalization and Development Strategies at UNCTAD.