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The World Trading System after Cancún, or: How the rhetoric of the development round rebounded on the industrialized countries... : How the rhetoric of the development round rebounded on the industrialized countries…

Die Welthandelsordnung nach Cancún, oder: Was passiert, wenn die Rhetorik von der Entwicklungsrunde plötzlich ernst genommen wird...
[abridged report]

Liebig, Klaus

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Corporate Editor Deutsches Institut für Entwicklungspolitik gGmbH
Abstract "International trade increases worldwide growth and improves the chances of successful poverty reduction. A development round could reinforce this potential. Development scholars largely agree on what would constitute a development round: improved market access for developing countries, no negotiations on investment and competition rules in the current round, additional support for developing countries in the field of trade-related capacity-building. In contrast to their own rhetoric, however, trade policy makers in industrialized countries do not feel obliged by this consensus. It is therefore they who bear the main responsibility for the failure of Cancún. In Cancún the developing countries successfully presented themselves as an articulate group with the potential to block multilateral trade negotiations. It remains to be seen whether they will use their new-won scopes of action to take a hand in constructively shaping the world trading system. This will depend largely on newly industrializing countries (NICs) and anchor countries like India, China, or Brazil. The conference's failure does not mean a success for developing countries since they failed to achieve their trade-policy goals. What remains is the hope that the shock of Cancún will lead to a greater willingness to compromise, above all on the part of the industrialized countries, but also on the part of NICs and anchor countries, with a view to giving the WTO a more development-friendly shape. If this fails, the multilateral trading system would be in serious trouble." (author's abstract)
Keywords world trade; world economic system; trade policy; international economic relations; commerce; developing country; Third World; WTO
Classification International Relations, International Politics, Foreign Affairs, Development Policy; Political Economy
Method applied research; descriptive study
Document language English
Publication Year 2003
City Bonn
Page/Pages 4 p.
Series Briefing Paper, 2/2003
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne