World Economy: Where Now for WTO World Trade Talks
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New Delhi, 5 Aug 2008. After the break up come the recriminations. The World Trade Organization (WTO) Doha Round
New Delhi, 5 Aug 2008. After the break up come the recriminations. The World Trade Organization (WTO) Doha Round
trade talks in Geneva had been billed as a last ditch effort to save the talks. When they failed, fingers were pointed.
The Americans and much of the west blamed China and India for coming up with ‘last minute’ objections, purposefully throwing their weight around, puffed up with a growing sense of their own importance. China and India laid the blame squarely at the feet of the Americans and the other rich countries who have plundered the rest of the world for centuries and now want to plunder some more, all while coddling their farmers.
While there are grains of truth in what both sides are saying, reality is a little more complex.
It is less complicated, however, to understand who the losers are. Poorer countries will continue to see poverty levels increase. Faced with heavily subsidized products from more advanced countries, they will drift further behind in technological know-how.
“It is a little bit sickening to think that well-fed farmers and rich landed families in the west are paid
