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[13PacRimLPolyJ645] Cambodia's WTO Accession: A Strenuous But Necessary Step for a Poor Nation Seeking Economic Prosperity

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dc.contributor.author Povarchuk, Rebecca
dc.contributor.author Pacific Rim Law & Policy Journal
dc.date.accessioned 2011-02-08T22:28:42Z
dc.date.available 2011-02-08T22:28:42Z
dc.date.issued 2004-06
dc.identifier.citation 13 Pac. Rim L. & Pol'y J. 645 (2004) en_US
dc.identifier.issn 1066-8632
dc.identifier.uri http://hdl.handle.net/1773.1/703
dc.description.abstract Abstract: During the 2003 World Trade Organization ("WTO") Ministerial Conference, Cambodia became the first least-developed nation to accede to the WTO through the organization's full working party accession process. Due to domestic, political, and economic pressures to accede, Cambodia agreed to an arduous package of legal and economic reform that have left many, including Cambodian officials, wondering whether the small country is capable of meeting its obligations. Having plunged into the WTO with the belief that accession is its best hope for a prosperous future, Cambodia now faces the challenges of implementation. In arguing against WTO membership for Cambodia, critics condemn powerful developed nations like the United States for pressuring the smaller, poorer country into an inequitable arrangement that may leave poor farmers worse off and the sick without access to drugs. Yet liberalizing its markets and integrating its economy with the rest of the world will ultimately benefit Cambodia because it will stimulate reform, encourage the continued flow of international assistance, and provide trade protections it otherwise would not enjoy. As a trade-dependent country, Cambodia made a wise investment by successfully negotiating for WTO membership. WTO membership can be a helpful tool for achieving greater prosperity for developing nations like Cambodia because it encourages progressive domestic policies. en_US
dc.language.iso en_US en_US
dc.publisher Seattle: Pacific Rim Law & Policy Journal, University of Washington School of Law en_US
dc.subject Comment en_US
dc.title [13PacRimLPolyJ645] Cambodia's WTO Accession: A Strenuous But Necessary Step for a Poor Nation Seeking Economic Prosperity en_US
dc.type Article en_US
dc.rights.holder Copyright 2004 by Pacific Rim Law & Policy Association en_US


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