Globalization means that today, more than ever before, growth in developing countries and the reduction of poverty depend on world trade and a well functioning trading system. This volume reviews developing countries trade policies and institutions, and the challenges they face in the World Trade Organization - where the rules that govern the international trading system are set.

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CONSTANTINE MICHALOPOULOS, for many years a senior official of the World Bank, has worked on operations and research of trade policies of developing countries and economies in transition. In 1997-99 he was Special Economic Advisor at the WTO where he developed materials for this book as well as a better appreciation of the challenges faced by developing countries in the world trading system. He is author of Financing Needs of Developing Countries: Proposals for International Action, and co-editor of Trade in the New Independent State with D.Tarr, and Aid and Development with A.O.Krueger and V.Ruttain.

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