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Article: Regionalism, multilateralism and LDCs.
- Article from:
- UNB - United News of Bangladesh
- Article date:
- July 7, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Dhaka Courier, June 07 (UNB): Though there exist various annotations on why transnational trade occurs, we can accept some simple explanations behind them.These may be: a) a nation does not have a particular item, b) a nation does not have enough of a particular item, c) a nation can produce an item at a lower cost than other nations, d) a nation produces items with a desirable style or innovation (Oppenheim, 1999).
Whatever the justification, external trade is seen as a powerful engine for growth and development. Even the least developed countries that are often vocal against developed countries' rule in the multilateral arrangements covered by the ...