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Studies and researches
Vol. 9 Issue 2 - 12/2017
The Fate of 21st Century Multilateralism
As a successful conclusion of the Doha Round is highly improbable to materialize in the near future, preferential trade agreements increasingly fill the vacuum which the currently dysfunctional multilateral system leaves behind. Fuelled by various nations’ craving for deeper integration, this most recent wave of preferential trade agreements has been gathering force over the course of the 21st century. Including bilateral, plurilateral and cross-regional initiatives as well as countries at different levels of economic development, this movement has additionally been engendered by supplementary motives such as the unprecedented economic growth in Asia, a race for market access and the emergence of global production chains. Moreover, I will provide some evidence whether preferential trade agreements represent “stepping stones” or “stumbling blocks” in the construction of the multilateral trade order. Anyway, the WTO is in desperate need of fundamental reform in order to retain its raison d'être and play a meaningful role in the long term. I am strongly convinced that a softening of the single undertaking approach must be at the heart of this reform. Read more
Keywords:
multilateralism, trade liberalization, preferential trade agreements, WTO, Doha Round

JEL:
F15, F12, F13
Studies and researches
Vol. 9 Issue 2 - 12/2017
What Hinders Economic Development in Africa?
This research makes an in-depth assessment of the underdevelopment conditions in the African continent. It reveals the extent of suffering in Africa, despite enormous resources across the entire region. The challenges before many of the African countries regarding development are not just those of structural, micro-economic or macro-economic indices, but mainly such as considerably caused by some African people. A careful analysis of the prevailing and ongoing situation in African societies reveals that a lot of economic failures are elicited by human factors and not by environmental, location or the absence of resources. The research uses the African continent as the case study and assesses the socioeconomic impediments to the continent’s development. The research uses secondary data to assess the situation and drew the conclusion that Africa must shelve such human based impediments in order to foster accelerated economic development. Read more
Keywords:
African countries, underdevelopment, economic development, resources, socioeconomic impediments

JEL:
O10, O20, O55
EJIS is published under the research grant no. 91-058/2007 The Development of Interdisciplinary Academic Research Aimed at Enhancing the Romanian Universities International Competitiveness, coordinated by the Bucharest Academy of Economic Studies and financed by CNMP Romania.
The Call for Papers is:

OPEN

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