The underlying dynamic of EC‐south relations

Abstract

Is the EEC disengaging from the Third World? The author reviews trends in EC‐ACP trade, and to some extent investment patterns, and finds some evidence to substantiate an affirmative answer. First, the net effect on the Association of the Common Agricultural Programme of the EC is to distort investment by remunerating agri‐based activities at the expense of industry and by indirectly taxing non‐agricultural exports. Secondly, despite a range of preferential trade agreements, Third World countries are not necessarily beneficiaries of positive discrimination by the EEC. These agreements, according to the author, represent a ‘pyramid of privilege’, although it is not as openly discriminatory as the US Caribbean Basin Initiative which ‘rewards friends and punishes enemies’. The paper in concluding presents a number of question to be further researched in order to deepen insight into various aspects of the scenarios of possible world futures developed by Hettne.

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