An alternative free trade agreement scheme to developing countries: the micro-free trade territory (MFTT)

An alternative free trade agreement scheme to developing countries: the micro-free trade... This paper introduces an alternative free trade agreement framework to promote fast economic growth and poverty reduction in developing countries (DCs). This new scheme for free trade agreements is called “ the micro-free trade territory (MFTT)”. The main objective of MFTT is to generate jobs and to become a tool in the design of poverty reduction programs, intra-regional trade facilitation programs, and direct technological transfer among DCs. The paper is divided into five sections: (i) the first, introductory, section proceed to review some common multilateral and regional trade agreement schemes, such as Custom Unions and Free Trade Agreements; (ii) the second section is based on an analysis of the trade liberalization literature review; (iii) the third section reviews the concept of developmental affinities in regional integration; (iv) the fourth section, analyzes some of the common problems affecting developing countries; and (v) the fifth and final section introduces and develops the MFTT theoretical framework. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

An alternative free trade agreement scheme to developing countries: the micro-free trade territory (MFTT)

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Publisher
Springer Netherlands
Copyright
Copyright © 2015 by Springer Science+Business Media Dordrecht
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-015-0263-4
Publisher site
See Article on Publisher Site

Abstract

This paper introduces an alternative free trade agreement framework to promote fast economic growth and poverty reduction in developing countries (DCs). This new scheme for free trade agreements is called “ the micro-free trade territory (MFTT)”. The main objective of MFTT is to generate jobs and to become a tool in the design of poverty reduction programs, intra-regional trade facilitation programs, and direct technological transfer among DCs. The paper is divided into five sections: (i) the first, introductory, section proceed to review some common multilateral and regional trade agreement schemes, such as Custom Unions and Free Trade Agreements; (ii) the second section is based on an analysis of the trade liberalization literature review; (iii) the third section reviews the concept of developmental affinities in regional integration; (iv) the fourth section, analyzes some of the common problems affecting developing countries; and (v) the fifth and final section introduces and develops the MFTT theoretical framework.

Journal

Quality & QuantitySpringer Journals

Published: Sep 12, 2015

References

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