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Project Outline 1Importance of the topic 2Meaning of Liberalization of Trade 3Examples of Liberalization of Trade aNorth American Free Trade Agreement bEuropean Union cGeneral Agreement on Tariffs and Trade 4Advantages and Disadvantages of Liberalization of Trade 5What lead to Liberalization of trade 6Impact on LDCs 7Examples for the impact of LDCs aSyria bTunisia cEthiopia dEgypt 8References 1 Importance of the topic This paper is about Liberalization of trade and its impact on LDCs First of all Liberalization of trade is important nowadays since it represents the global direction of trade As International Trade reaches its peak Liberalization of trade seems like the most natural thing to do A reduction of trade restrictions and the emergence of trade blocks and other forms of economic integration makes Liberalization of trade a very important topic if not the most important one to discuss Liberalization of trade has been increasing day by day and is quite apparent now with all the forms of economic integration This leads us to our second point which is the impact of Liberalization of trade on Less Developed Countries Less developed Countries are affected by this trend due to its tight relation with Economic Development Trade is an engine of Growth and has numerous contributions to the development of a country Haberler has pointed out some very important benefits that international trade can have on Economic Development which will be discussed later on Critics on international trade also have a list of harmful effects of trade on Economic development which we will also see later on Since Liberalization of trade has an impact on International Trade it in return also has an impact on LDCs In the rest of the paper we will see what kind of impact liberalization of Trade has on less developed countries and we will also see several examples on developing countries 2 Meaning of Liberalization of
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