An Alternative Free Trade Agreement Scheme to Developing Countries: The Micro-Free Trade Territory (MFTT)

Quality and Quantity Journal, 50(5): 2293-2311.

Posted: 28 Aug 2015 Last revised: 15 Aug 2016

See all articles by Neantro Saavedra-Rivano

Neantro Saavedra-Rivano

University of Tsukuba

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Date Written: August 28, 2015

Abstract

This paper is interested to introduce an alternative free trade agreement framework to promote the fast economic growth and the reduction of poverty in developing countries (DC’s). This new scheme of free trade agreement is called “The Micro-Free Trade Territory (MFTT)”. The main objective of MFTT is to generate jobs, poverty reduction programs, intra-regional trade facilitator programs, and direct technological transfer among DC’s. Basically, this paper is divided into five sections are: (i) the first section shows the introduction. In this section we did a deep review about multilateralism and regionalism such as free trade agreements schemes such as the Custom Union – CU – and Free Trade Agreements – FTA’s –; (ii) the second section is based on the analysis of trade liberalization literature review; (iii) third section, review the developmental affinities in regional integration. (iv) fourth section, we analyze the common problems hindering at the developing countries. (v) Finally this research paper presents the micro-free trade territory (MFTT) theoretical approach.

Keywords: Regional integration, free trade, economic development, least developed countries

JEL Classification: F15

Suggested Citation

Saavedra-Rivano, Neantro and Ruiz Estrada, Mario Arturo, An Alternative Free Trade Agreement Scheme to Developing Countries: The Micro-Free Trade Territory (MFTT) (August 28, 2015). Quality and Quantity Journal, 50(5): 2293-2311.. Available at SSRN: https://ssrn.com/abstract=2652611

Neantro Saavedra-Rivano

University of Tsukuba ( email )

Tsukuba University , Ibaraki Ken
Tsukuba, Ibaraki 305-8573, Ibaraki 3050006
Japan

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Register to save articles to
your library

Register

Paper statistics

Abstract Views
143
PlumX Metrics