Knowledge has an important role in development. Today economies of the technologically advanced countries are knowledge based, affirming the conclusion that knowledge is a major engine of economic growth and thus critical for development.... more
Knowledge has an important role in development. Today economies of the technologically advanced countries are knowledge based, affirming the conclusion that knowledge is a major engine of economic growth and thus critical for development. Knowledge is such that the use of a piece of knowledge does not diminish another person’s use of that piece of knowledge. 1 As
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United States (U.S.) is aggressively working to open markets globally, regionally and bilaterally to expand American opportunities and to guard its investments in overseas market. With multilateral negotiations proceeding at a slow pace... more
United States (U.S.) is aggressively working to open markets globally, regionally and bilaterally to expand American opportunities and to guard its investments in overseas market. With multilateral negotiations proceeding at a slow pace especially following the collapse of talks in Cancun, U.S. is on a spree signing free trade agreements (FTAs) with the Americas, Asian, African and Middle Eastern nations. Robert Zoellick U.S. Trade Representative informed the world “We are not stopping. We are moving with the countries that are willing to go”, referring to the creation of bilateral and regional free trade agreements. U.S. is systematically approaching each developing country using a variety of carrots and sticks to engage them in bilateral and regional free trade agreements.