Constraints on Developing Countries Essay Example | Topics and Well Written Essays - 1500 words

Constraints on Developing Countries - Essay Example This essay declares that the future for a level playing field and the transition of developing countries appears to already be underway since the majority of the World Trade Organisation is composed of developing countries which are striving to take part in the international industrial trade setup. These countries are following the guidelines given by the United Nations to increase their ability to produce as well as the quality of their production. In the industrial world, much like the business world, the wishes of the client reign supreme. Since the clients of these nations are industrialised countries, the developing nations will have to bring up their standards of production to remain competitive. The future of economic liberalisation does not move as much towards opening of markets and free trade. In reality, it is moving towards a trade of technology and industrial know-how which will allow industrial production to take place at the same level in a developing country as it doe s in developed countries. This paper makes a conclusion that constraints do exist and developing countries are at a significant disadvantage when compared to industrialised nations but the author also thinks that the world is becoming more equal. Just a few decades ago the American Empire reigned supreme in all aspects of advancement and culture but the future leadership of the world could belong to the European Union. It is clear to me that industrial relationships and the volume of industrial trade will form a significant portion of the equation in determining which country leads the world into the 22nd century.