Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

Developed nations aim to gain access to the markets of developing countries. By encouraging liberalisation, they can export their goods and services more easily. Foreign companies, especially multinational corporations (MNCs), can establish factories and offices in less expensive developing nations. This allows them to increase profits by leveraging lower manufacturing and labour costs.

Developing countries should demand the free and fair movement of their labour force. Facilitating temporary migration for work opportunities can be mutually beneficial. Developing nations can advocate for a reduction in subsidies provided by developed countries to their agricultural sectors. These subsidies distort global markets and affect developing countries’ agricultural exports. Developed countries should follow ethical practices, avoiding unfair competition that harms developing economies. Also, there should be removal of tariffs on goods exported from developing countries.