Volume-X, Issue-VI, November 2024 |
International Trade & North-South Divide Dr. Ramanuj Chakravorty, Principal, Karimganj College, Sribhumi (Karimganj), Assam, India |
Received: 25.10.2024 | Accepted: 22.11.2024 | Published Online: 30.11.2024 | Page No: 248-254 | ||||
DOI: 10.29032/ijhsss.vol.10.issue.06W.025 | |||||||
ABSTRACT | ||
Trade more particularly international trade, in the nineteenth century experience of Great Britain (Salvatore 2004:186) and even earlier experience of Japan (Stigliz 2005: 12) amply demonstrate, has throughout been a growth-propeller for economies. Thus, International trade played a significant role in many others countries such as Australia, Canada, and certain Latin American countries such as Mexico and Brazil. However, the ever increasing development distance between the developed and developing economies and the continued subordination of the interest of the latter by the former group of nations have been of late a matter of great scholarly concern. Here and attempt has been made to identify the reasons for subordination of the developing countries by the developed economies. Attempt has also been made to emphasize the necessity of coming closer of the economies of South for preventing such unfavorable terms of trade experienced by the countries of South. |