Institutions Trade & Economic Development
By Ben Zissimos (University of Exeter Business School) In a landmark paper, Daron Acemoglu and James Robinson argue that a key purpose of democratization is to resolve a commitment problem faced by a ruling elite under the threat of revolution.[1] Their motivation focuses on 19th and early 20th Century Europe, during which time a number […]
By Ben Zissimos (University of Exeter Business School) Special and differential treatment (SDT) is effectively a set of exemptions from MFN extended to developing country members of the General Agreement on Tariffs and Trade (GATT)/World Trade Organization (WTO).[1] (MFN (most favored nation) treatment is the principle that any terms agreed between two parties to a […]
Fair Trade is a social initiative that attempts to aid small producers and workers in developing countries, by offering them better terms of trade and helping them to organize, both economically and politically. It works through a certification system overseen by nongovernmental organizations, such as Fairtrade International. A certified product signals to consumers that producers were […]