The failure of the IMF, World Bank and WTO to represent and further the interests of the developing world, through their one-size-fits-all approach, has lead to the collapse of trade negations, widespread criticism of their effectiveness, and bitter international protest. Many countries are rejecting the neoliberal ideologies of the ‘unholy trinity’ with intensifying calls for their reform or decommissioning.
Regarded
as one of the leading experts on Philippine trade and agriculture
issues, Riza Bernabe was interviewed on the latest
collapse of the WTO "Doha Round" trade negotiations. By Walden Bello.
Where once they used gunboats
and sepoys, the rich nations now use chequebooks and lawyers to seize
food from the hungry. The scramble for resources has begun, but - in
the short term at any rate - we will hardly notice, writes George Monbiot.
We need a new
economic paradigm globally that can discipline harmful corporate
practices while actually increasing growth, reducing poverty, and
expanding sustainable development globally, argues Deborah James.
The
collapse of WTO talks has brought the problems of the international
trade system to the surface. It is now time to overhaul a 'free trade'
system that protects corporate globalisation at the expense of poverty
eradication and sustainability, says Myriam Vander Stichele.
The WTO talks
actually collapsed because the US
did not want to make any commitment to cut its massive subsidies to cotton growers
– regardless of pushing cotton farmers in developing countries further into
penury, writes Devinder Sharma.
As we rapidly move away
from a unipolar or bipolar world towards multiple centres of economic
and political powers, the WTO - with liberalisation at its core - is at a crossroads, writes Aileen Kwa.
After Doha, the WTO is now in a worse position than
before, with the prospect that it will evolve like the old League of
Nations in the 1930’s: present but powerless, argue Walden Bello and Mary Lou Malig.