Introduction: The story so far -- Trade can be good for development -- The need for a development round -- What has Doha achieved? -- Founding principles: the basis of a fair agreement -- Special treatment for developing countries -- Priorities for a development round -- How to open up markets -- Priorities behind the border -- What should not be on the agenda? -- Joining the trading system -- Institutional reforms -- Trade liberalization and the costs of adjustment -- Appendix 1: Empirical review of market access issues -- Appendix 2: Empirical review of the Singapore issues
Summary
Nobel Prize winner Stiglitz joins with fellow economist Andrew Charlton to offer an argument about how globalization can actually help Third World countries. They address one of the key issues--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries, designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. Beginning with a brief history of the World Trade Organization, the authors explore the failure of the 2003 Cancun summit and the obstacles that face the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based.--From publisher description
Bibliography
Includes bibliographical references (pages 279-296) and index
