Q. 53.8( 49 Votes )

Why do developed countries want developing countries to liberalize their trade and investment? What do you think should the developing countries demand in return?

Answer :

Developed countries want developing countries to liberalize their trade and investment for following reasons:


● To make use of the untapped resource potential of developing countries.


● To ensure the utilization of the capital in some productive use which they have acquired over the period of economic development.


However in return developing countries can negotiate for following:


● Transfer of latest technology


● Least or zero environmental externalities.


● Adequate protection to vulnerable industries


● Humane treatment and condition of labourers.


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