Trade Disorders
It was almost inevitable: the complete failure and breakdown of talks
under the so-called Doha Round of World Trade Organization (WTO) negotiations. There is that old adage about parallel lines not meeting at all and the stance adopted by the First and Third World nations reflects two parallel lines. Developed nations and blocs like United States and the European Union want greater access to Third World markets; yet, they are not willing to allow Third World farmers unfettered access to their own markets. Seven years after the Doha Round of negotiations started, it is clear that the US and the EU are simply not willing to come even half way on the issue of farm subsidies. In an earlier era, these developed nations could ram their unilateral decisions down on Third World nations, because the latter were hopelessly dependent on the former for aid, technology and capital. That’s no longer the case. Countries like Brazil and India are no longer meek pushovers in the global arena, and they are not willing to accept patently unfair terms in the global trade regime. It is no wonder WTO negotiations are breaking down repeatedly.
under the so-called Doha Round of World Trade Organization (WTO) negotiations. There is that old adage about parallel lines not meeting at all and the stance adopted by the First and Third World nations reflects two parallel lines. Developed nations and blocs like United States and the European Union want greater access to Third World markets; yet, they are not willing to allow Third World farmers unfettered access to their own markets. Seven years after the Doha Round of negotiations started, it is clear that the US and the EU are simply not willing to come even half way on the issue of farm subsidies. In an earlier era, these developed nations could ram their unilateral decisions down on Third World nations, because the latter were hopelessly dependent on the former for aid, technology and capital. That’s no longer the case. Countries like Brazil and India are no longer meek pushovers in the global arena, and they are not willing to accept patently unfair terms in the global trade regime. It is no wonder WTO negotiations are breaking down repeatedly.For Complete IIPM Article, Click here
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India
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