Poverty and Trade Liberalization in Developing Countries

The current document reviews relationships trade liberalization and issues of welfare in developing countries. The structure of WTO is historically reviewed then impacts on developing countries are foresighted. It is concluded that interests on the simple people level can be affected by trade restrictions and barriers. Disparities on income generated from trade are seen. That is obvious in the recent data on the siphoning of surpluses through the ruling elites. That is, especially true...
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The current document reviews relationships trade liberalization and issues of welfare in developing countries. The structure of WTO is historically reviewed then impacts on developing countries are foresighted. It is concluded that interests on the simple people level can be affected by trade restrictions and barriers. Disparities on income generated from trade are seen. That is obvious in the recent data on the siphoning of surpluses through the ruling elites. That is, especially true in developing countries that refrain from joining the WTO. The stunning news of hundreds of billions in dollars stuffed by certain leaders, dethroned or still ruling reveal unprecedented corruption. The primary aim of the WTO is to enhance trade between countries, globally with a minimization of possible hindrances or obstacles, with especial regard to allow small producers, farmers or herders to have a fair portion of their products. That calls for enforcing transparency parameters on members of the WTO. Moreover, such call for transparency cannot be achieved without democracy, whereas under totalitarian regimes such freedoms of production, justice, equal shares, press freedom and criticism are not feasible. Without application of true democracy, there shall always be crisis in production, civil wars, sabotage and dis-enhancement for small producers to produce.