oa African Review - Generalized schemes of preferences in world trade

Volume 5, Issue 3
  • ISSN : 0002-0117



Generalized Schemes of Preferences (GSP) have been hailed as a significant ""breakthrough"" for UNCTAD in its ten-year's effort to get the advanced capitalist powers to accept them. Seen from this formal standpoint such acceptance and part implementation of some of the schemes is indeed a point of departure because such acceptance amounts to an acknowledgement and admission by the monopoly capitalist groups that 'free trade' does not bring about development in the underdeveloped peripheries.

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