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.