Perpetuation of poverty through neoliberal reforms?: a study of EU-ACP Economic Partnership Agreements

Schmitz, Philip (2010) Perpetuation of poverty through neoliberal reforms?: a study of EU-ACP Economic Partnership Agreements. BA dissertation, University of Portsmouth.

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    Abstract

    The so-called Economic Partnership Agreements (EPAs) will constitute the future trade relations between the European Union and regional groupings of developing countries in African, the Caribbean and Pacific. This study refers to both primary and secondary sources to examine the potential impact of these agreements. The dissertation draws on works from prominent academics such as Joseph Stiglitz and Richard Peet as well as reports from the United Nations, several NGOs and European Union materials. Since 1975, the European Union has granted the ACP non-reciprocal access to its market. The EPAs will reform this previous arrangement under free trade principles. The EPAs are, however, more than a trade regime as they bind ACP countries to engage in regional economic integration, and liberalize public procurement and services sectors. The new agreements are part of a wider international agenda to liberalize the global economy. Hence, the influence of neoliberalism on European policy-making will be highlighted. The EPAs receive considerable criticism from academics, multiple NGOs and ACP government which argue that the proposed agreements are detrimental for development. This dissertation refers to empirical evidence of trade liberalization to analyze whether the EU‟s proposed reforms have potential for success. The central argument adopted is that free trade between developed and lesser developed economies undermines economic progress in the ACP. All ACP countries suffer from deep-seated supply-side constraints. Their economies do not have the capacities to successfully engage in global trade.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Humanities and Social Sciences > School of Languages and Area Studies
    Depositing User: Jane Polwin
    Date Deposited: 31 Oct 2012 14:14
    Last Modified: 28 Jan 2015 12:10
    URI: http://eprints.port.ac.uk/id/eprint/9545

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