Summary |
In the challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key challenges 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 interest of all and not just the most powerful economics, 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 author explore the issues and events which led to the failure of Cancun and and the obstacles that face the Doha round of negotiations. Finally they spell out the reforms and principal 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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