How can the poorer countries of the world be helped to help
themselves through freer, fairer trade? In this challenging and
controversial book Nobel prize-winning economist Joseph E. Stiglitz
and his co-author Andrew Charlton address one of the key issues
facing world leaders today. They put forward a radical and
realistic new model for managing trading relationships between the
richest and the poorest countries. Their approach is designed to
open up markets in the interests of all and not just the most
powerful economies, to ensure that trade promotes development, and
to minimise the costs of adjustments. Beginning with a brief
history of the World Trade Organisation and its agreements, the
authors explore the issues and events which led to the failure of
Cancun and the obstacles that face the successful completion of the
Doha Round of negotiations. Finally they spell out the reforms and
principles upon which a successful agreement must be based.
Accessibly written and packed full of empirical evidence and
analysis, this book is a must read for anyone interested in world
trade and development.
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