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International Trade and Economic Development$
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Rajat Acharyya and Saibal Kar

Print publication date: 2014

Print ISBN-13: 9780199672851

Published to Oxford Scholarship Online: September 2014

DOI: 10.1093/acprof:oso/9780199672851.001.0001

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TRIPS, Product Standards, and the Developing Economies

TRIPS, Product Standards, and the Developing Economies

(p.230) 10 TRIPS, Product Standards, and the Developing Economies
International Trade and Economic Development

Rajat Acharyya

Saibal Kar

Oxford University Press

Trade related intellectual property right regime (TRIPS) has made it virtually impossible to industrialize and emerge as manufacturing exporter through reverse engineering and imitation that many of today's successful countries had adopted at their initial stages of industrialization and growth. On the other hand, environmental standards and pollution abatement costs have eroded much of the comparative advantages that the developing countries may have in the production of dirtier goods due to abundant and cheap labour. Labour standards and prohibition of the use of even cheaper child labour in production of export goods have the same effect. This chapter discusses different dimensions of these new rules and institutions of the world trade, and how in many instances these rules are actually creating a new divide in the world trading order.

Keywords:   TRIPS, product standards, industrialization, child labour, pollution, trade sanctions

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