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Danica Popovi ć Faculty of Economics and Center for Liberal-Democratic Studies

Danica Popovi ć Faculty of Economics and Center for Liberal-Democratic Studies WTO: four principles, not just one Lepenski vir, 14-16 april 2005 . Developments in Serbian foreign trade, 1965-2004. *). Table 2.1.1. Trade share. in GDP . Actual trade in 1989. Trade shares. Actual.

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Danica Popovi ć Faculty of Economics and Center for Liberal-Democratic Studies

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  1. Danica Popović Faculty of Economics and Center for Liberal-Democratic Studies WTO: four principles, not just one Lepenski vir, 14-16 april 2005.

  2. Developments in Serbian foreign trade, 1965-2004.

  3. *) Table 2.1.1. Trade share in GDP Actual trade in 1989 Trade shares Actual (% GDP) Trade shares ** in small open 1998 2004 Foreign Inter - economies republican Import content 48 19 29 40 - 60 26.2 52 Export share 42 17 25 4 0 - 60 15.5 22 Total trade share 90 36 54 80 - 120 41.7 74 Source: Economic Developments in FR Yugoslavia, for 1989; own calculus based on FSE data onwards *) comprises goods and non - factor services; **) including trade with former Yugoslav republics; figures are comparable with the sum of first two columns of . the Table Pathological developments in trade shares, 1989-2004

  4. Low exports, but low import shares also

  5. Public opinion on liberalization • The hostile and excessive liberalization • Largest liberalization in the region • EU and WTO are too far away …

  6. Solution • Export-led growth • FDIs • Fascilitating exports? • Changes in exchange-rate policy? • Creating competitive environment? • The Government potentials • Influence of lobbying groups • Domestic • New lobbying groups FDIs • EU and WTO

  7. The need for WTO principles … • 4 principles, not just one • Freer trade, tarification and reducing tariffs • Non-discrimination, MFN • exemptions • Free Trade Agreements (FTA) • Generalized System of Preferences • Barriers against products which are unfairly traded • Transparency and predictable policies • Encouraging competition

  8. Coordination and preparation • To identify the authorities or institutions within a country that will oversee application and ensure compliance with WTO rules and requirements • Policies that violate WTO principles have to be identified and repealed. • This set of principles, are not just rules but a way of thinking that must adopted and implemented by governments in all areas of activity (economic, regulatory, etc.). • If foreign trade is the only area being subjected to this set of principles—trade liberalization will not have the effect that WTO Member countries anticipated That is the main reason why trade liberalization of some countries accomplished through WTO accession did not result in those results predicted by conventional economic wisdom.

  9. Kada je ko ušao u WTO...

  10. Creating a new public opinion10 common misunderstandings about the WTO 1. WTO dictates?2. Blindly for trade?3. Neglects developoment?4. Anti-green?5. Anti-health?6. Wrecks jobs? 7. Small left out?8. Tool of lobbies?9. Weak forced to join?10. Undemocratic?

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