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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

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 negotiati... view more

"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)... view less

Keywords
world trade; Third World; WTO; international economic relations; world economic system; commerce; trade policy; developing country

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 providerThis metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
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