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Liberalization & Globalisation
1.1 Introduction
The conclusion of the Uruguay Round negotiations and the establishment of the World Trade Organization have contributed to the emergence of a new world order extending well beyond traditional trade matters.
It is argued, particularly in the multilateral financial institutions, and within organizations of the developed countries, that the new system will be of immense unqualified benefit to the South and that developing countries should therefore hasten to integrate themselves fully into the world economy by extensive and rapid liberalization. Integration, should not only be confined to opening up the economy to international import and export trade, but also encompass foreign direct investment (FDI) and capital flows.
Moreover, the analysis and policy conclusions of this publication also suggest a rather different programme of work from that being urged by the developed countries for UNCTAD -- the UN body centrally concerned with...

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Title: Liberalisation
Approximate word count: 1139
Approximate pages: 5 (250 words per double-spaced page)

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