Multilateralism redux and the Havana Charter Richard Kozul-Wright

President Donald Trump’s tariff tantrum has provoked a mixture of disbelief and loathing, none more than from economic pundits who have deemed it irrelevant (for reducing the trade deficit), irresponsible (in damaging job prospects) and irrational (by weakening the global value chains on which American business depends). Much of this criticism hits the mark. But it is worked in to a meta-narrative about the end of the post-war liberal order that not only presents a flawed interpretation of history but one that is unlikely to help advance a policy agenda that speaks to the anxiety and anger that President Trump…

NAMA: Downplaying the Danger C.P. Chandrasekhar

In the run up to the Hong Kong WTO Ministerial, the focus of attention is the deadlock over liberalisation of agriculture. This is not surprising, given the fact that the unwillingness of EU members, especially France, to agree to "adequate" concessions on agricultural tariffs and subsidies, has stalled negotiations on further liberalisation of trade in areas outside of agriculture. What is disturbing, however, is the perception purveyed by the negotiators, government spokespersons and the media that once the agriculture deadlock is resolved, the task of moving the Doha Round forward is rendered easy: that is, the prospect of getting the…

The Dalian Mini Ministerial and the Road to Hong Kong: Uncertain future for WTO Parthapratim Pal and Shravani Prakash

The forthcoming Hong Kong Ministerial meet of WTO is facing a problem. Slow progress of the Doha round of negotiations has led to a large number of unresolved issues in all key areas of negotiations. A recent informal meet of prominent WTO Members at Dalian, China did not manage to make much progress. This paper takes stock of the current round of negotiations and assesses the prospect of the Hong Kong Ministerial. Dalian_Mini_Ministerial (Download the full text in PDF format)

The WTO Negotiations on Industrial Tariffs: What is at stake for developing countries? Yilmaz Akyuz

This paper focuses on the implications of the negotiations on industrial tariffs for longer term industrialization in developing countries. Apart from detailed overviews, the paper advances a simple alternative formula that can help reconcile policy flexibility with multilateral discipline.  It also provides key points on how the negotiations could accommodate both the immediate needs and longer-term interests of developing countries. industrial_tariffs (Download the full text in PDF format)

Development and Social Goals: Balancing aid and development to prevent ‘welfare colonialism’ Erik S. Reinert

The Millennium Goals are far too much biased towards palliative economics rather than structural change, towards treating the symptoms of poverty rather than its causes.  An alternative perspective for cohesive development emerging from the historical and evolutionary approach recommends increasing diversification away from the diminishing returns sectors (traditional raw materials and agriculture) into an increasing returns sector (technology intensive manufacturing) and a  creating a large division of labour and the synergies and social structures which emerge from this structure. welfare_colonialism (Download the full text in PDF format)

WTO Annual Report 2003 Shows that Distortions in Global Trade Continue Parthapratim Pal

The WTO Annual Report 2003 shows continued distortion in the world trade regime. Presence of high subsidies in agriculture and significant market access barriers in sectors like agriculture, textiles, clothing and footwear are not allowing developing countries to benefit from WTO. WTO_Annual_Report (Download the full text in PDF format)

Exclusive with The President elect of Brazil

"We cannot be treated as a banana republic Luis Inacio da Silva affirms that his government will reclaim the Brazilian economy's weight in the international context: "We have to occupy the space that belongs to us and be respected”. "Trade must be a two-way street where everyone comes out a winner without the subjection of some" BY DEISY FRANCIS MEXIDOR "My principal reason for becoming president of Brazil is to give our country a new direction," affirms Luis Inacio Lula da Silva, the recently elected leader of that South American nation after standing on three previous occasions, in an exclusive…