Problems and Prospective for Ethiopia's Joining WTO

The article is devoted to the analysis of problems and prospective of Ethiopia's joining WTO. The advantages and disadvantages of the process, its costs and benefits are considered. The author takes into account that the country is in the stage of infant industrialization of its economic development. One of the paper's conclusions is that the industrialization of their economy is of vital necessity for least developed countries, which should be taken into account in their aspiration to become WTO members. The general conclusion is that WTO membership of least developed countries including Ethiopia may have a negative consequence in the short and medium term and positive consequence in the long-term development.

developing countries, Ethiopia, World trade organization, industrial policy, globalization of world economy