To read this content please select one of the options below:

Changing Export Share of Developing Economies: A Post-WTO Scenario

Global Tariff War: Economic, Political and Social Implications

ISBN: 978-1-80071-315-4, eISBN: 978-1-80071-314-7

Publication date: 9 March 2021

Abstract

This study intends to explore the impact of World Trade Organization (WTO) which came into existence from January 1, 1995, on the export share of developing counties in the world exports of all goods together in US$, that is, in global merchandise trade. This study endogenously determines the structural break in changing export share of developing countries and how are they related to the major changes in the multilateral trading systems of international trade, in particular, the introduction of the WTO by following a multiple breakpoint analysis due to Bai–­Perron. In this context, it would be worthwhile to note that the shift toward more export-oriented strategies by a large number of developing countries has accelerated the growth of LDC exports. This study also compares the changing share of merchandise exports and trade in commercial ­services for developing countries and the LDCs in the Post-WTO regime. The ­authors follow a univariate time-series exploratory analysis to understand the trend in world export shares of all goods and commercial services for different regions of the developing world and demonstrate the potential of these regions in the expansion of trade. The study, while evaluating the impact of WTO in changing export share in terms of structural change analysis, enables us to understand the role tariff cut in the developed countries on the imports from developing countries. This study also observes increasing inequality in terms of export share among different regions of the developing world.

Keywords

Citation

Mukhopadhyay, D. and Das, D. (2021), "Changing Export Share of Developing Economies: A Post-WTO Scenario", Das, R.C. (Ed.) Global Tariff War: Economic, Political and Social Implications, Emerald Publishing Limited, Leeds, pp. 153-160. https://doi.org/10.1108/978-1-80071-314-720211012

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Limited