Tuesday, July 25, 2006

There’s More than Enough Blame to Go Around

Over failure of the Doha WTO round. Improved trade, especially in agriculture, in vitally needed to help the world’s poorest countries grow. Between the US & the “EU”, the subsidies have got to go. The Washington Post provides some nice context on the current disaster that is America’s farm policy.

It’s not like Africa doesn’t have a lot of other problems to deal with. Perhaps some sort of enlightened trade regime where they could actually sell stuff might help them with some of their other problems.

Likely fallout: more countries following Australia’s lead in putting together bilateral or regional deals. More complications, more barriers, lower growth and less chance for the poor to move out of poverty.