Generosity and America's Trade Relations with Sub-Saharan Africa
Pace International Law Review, Vol. 18, pp.133-225, 2006
93 Pages Posted: 13 Apr 2011
Date Written: 2006
Abstract
[...] Why see the world of trade law as it is? Why not envision a paradigm in which the tendency to liberalize the trade complements a primary orientation to help poor countries? For the poor in such countries, and indeed for the poor in rich countries, trade law ought to be about more than the imperfect exercise of Adam Smith's principle of absolute advantage and David Richardo's principle of comparative advantage ("imperfect" because of the many exceptions in the law to trade liberalization). The paradigm ought to include a comprehensible set of rules that go beyond protecting the self-interest of domestic producers in developed countries (the "imperfections"), and focus on promoting independence in a liberal trade regime among would-be producers and exporters in poor countries. [...]
Keywords: International trade law, Sub-Saharan Africa
JEL Classification: F10, F19, K33
Suggested Citation: Suggested Citation