North-South divide

generalisations like the ‘developed’ and the ‘developing’ countries are common and lately, a geographical division like ‘north’ and ‘south’ is being used. Sometimes this broad division becomes useful to analyse the disparities in the global economy. The hallmark of the process of neo-liberal economic globalisation is the increased trade between various countries. The trend in international trade thus indirectly becomes an indicator to illustrate the North-South divide and nuance the disparities further. Globalisation is supposed to remove barriers in the international trade and is projected as a win-win situation where everybody can benefit from the free flow of goods and services across the globe. For the industrialists and exporters from the South, this would mean greater access to foreign markets and the removal of tariffs and other barriers __________ ___ ______ _________ ________ _________ __________ _________ ___ ________ _______.
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