How Do Cultural Differences Affect Trade Reciprocity between Developed and Developing Countries?
4 Pages Posted: 28 Apr 2020
Date Written: October 1, 2019
Abstract
Cultural distance in this Brief refers to the gap between development narratives promoted from the developed world?from experts, policymakers, and international organizations?versus political-economy practices in the developing world. The cultural distance analyzed here focuses on paternalistic factors in advanced countries contributing to trade barriers facing developing countries. Gradual moves toward reciprocal rather than discriminatory preferential access, as well as export diversification, can benefit the developing world.
Keywords: International Trade and Trade Rules, Food Security, Common Carriers Industry, Food & Beverage Industry, Business Cycles and Stabilization Policies, Pulp & Paper Industry, Plastics & Rubber Industry, Construction Industry, General Manufacturing, Textiles, Apparel & Leather Industry, Energy and Mining, Trade and Services
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