Abstract
The development perspective of multilateral trading system should aim at developing nations according to their needs. The policy of applying the same guidelines for all the nations alike may not prove to an effective tools for economic development.In the event if trade is regarded as a tool for the development of economies, then there has to be certain changes, which need to effected in the trading activities. The development perspective of multilateral trading system should be such that it is able to balance, sustain and ensure equal development of global economies. It should meet the requirements of the people.
At the global level:
In the international arena the development perspective of multilateral trading system should be to help out the less developed as well as the developing nations. This may be done by the implementation of certain practical norms as well as guidelines, which help in enhancing the trading terms. It should also lead to the enhancement of export activities and see that the balance of payments for these countries is sustainable.For the developing nations:
In case of the developing nations, the development perspective of multilateral trading system should serve as a full fledged development strategy. This would in turn lead to the development of economic growth. It should be able to provide employment to the people of the nation. Few other areas, which should also be catered to include:An optimum trade policy:
The approach that one policy would do good for all nations inflicts more harm than it does good. The trade policies should be framed in every country depending on the needs of the nations and the rate of economic growth in that nation.Development perspective from the point of view of export and import:
Export as well as imports make up the two sides of a trade. In order that the economic growth is sustainable, import as well as export should be balanced well. There are two aspects, which need to be attended to especially in the developing nations:The latter is mainly true when the supply capacity is low and the terms of trade are in a declining mode.
The financial instruments traded On line in India:
The following financial tools may be traded on the World Wide Web. They include:In addition to the ones mentioned above, the on line trading portals also look into matters related to financial planning as well as portfolio management.
