North-South Trade. Is the EU's trade policy position fostering economic development?

Academic Paper from the year 2018 in the subject Business economics - Economic Policy, grade: A, University of Malta (Institute for European Studies), language: English, abstract: The aim of this paper is to understand whether the EU's trade policy position is fostering economic development. According to International Monetary Fund's World Economic Outlook Report, on April 2015 the Developing Countries in the world are 151, this number emphasises the importance of the topic. The first part gives an overview on the trade theories, in particular the comparative advantage theory. The main analysis of this paper is concentrated on the trade policies used in the Developing Countries (DC) and the EU trade policy and its instruments and their effects. Before getting to the conclusion this paper will highlight the main critics and problems of the EU trade policy.