The advent of multinational corporations and free trade zones has produced complex interrelationships between trade, aid and development. More than ever before trade has become a vital factor in the economic, political and social development of Third World nations. Trade, Aid and Global Interdependence introduces trade as both concept and activity, placing aid within the context of trade in practice. The trend towards the globalisation of trade, especially in the light of GATT and its emphasis on greater integration of economies throughout the world, means developing countries increasingly want both trade and aid, as aid alone is insufficient to bring about growth and economic development. Using a number of Third World case studies from Africa, Asia, Central and Latin America, the book analyses this competitive partnership of international trade and economic development, and discusses how various development strategies have been devised to respond to particular economic, social and environmental challenges.
Trade, Aid and Global Interdependence is a comprehensive introduction to the complex topic of international trade, and provides an important evaluation of global development; past, present and future.