T.R.A.D.E. Policy Brief No.1

Executive Summary

This T.R.A.D.E. Policy Brief of the South Centre discusses the concept of “policy space” and its role in promoting the development of the South. This is founded on the principles of the equal sovereignty of States, the right to development, and the provision of special and differential treatment to developing countries. The “one size fits all” economic approaches of the Bretton Woods institutions and the WTO have not worked. It hence argues that policy space is needed so as to provide developing counties with the freedom to choose the best mix of policies possible for achieving sustainable and equitable economic development given their unique and individual social, political, economic, and environmental conditions.

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