"We are stuck with a global economic system that doesnt work for half the world.
Stiglitz and Charlton propose a plan to embrace the other half, to move to a future of
shared benefits and shared responsibilities." -President Bill Clinton
Description
- Nobel Prize-winning economist Joseph Stiglitz puts forward a radical new solution to the
problems of world trade
- Addresses one of the most important issues that faces world leaders today: how can the
poorer countries of the world be helped to help themselves through freer, fairer trade?
- Promotes the idea that trade can be fair and beneficial for all
- Sets the issues in the context of the history of recent world trade negotiations
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.
Readership: Policymakers, academics, students and anyone interested in world trade
and development
Table of Contents
Foreword
Acknowledgements
1 Introduction: The Story So Far
2 Trade Can Be Good for Development
3 The Need for a Development Round
4 What Has Doha Achieved?
5 Founding Principles: The Basis for a Fair Agreement
6 Special Treatment for Developing Countries
7 Priorities for a Development Round
8 How to Open Up Markets
9 Priorities Beyond The Border
10 What Should Not Be On the Agenda?
11 Joining the Trading System
12 Institutional Reforms
13 Trade Liberalization and the Costs of Adjustment
Appendix 1: Empirical Review of Market Access Issues
Appendix 2: Empirical Review of the Singapore Issues
Hardback
352 pages