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.
The collapsed Doha Round has staved off a further import surge into the developing world - which would have been no less devastating than the trail
of human destruction left behind by a powerful tsunami, argues Devinder Sharma.
Liberalisation in world trade over
recent decades has brought prosperity only to a minority of the
world population, and without firmer guarantees many countries
began to agree with the view that "no deal is better than a bad deal", writes David Loyn.
The WTO
negotiations have turned into a fight by developed countries to open
markets in developing countries to favor their big companies, writes Evo Morales.
Current U.S. trade policy is far from 'free trade', but simply a one-sided protectionism that is
designed to redistribute income from less educated workers to more educated
workers, writes Dean Baker.
The problem with the 1994 North American Free Trade Agreement (NAFTA) is that trade isn't really 'free', and North America - at least as portrayed in the summits - doesn't actually exist, writes Laura Carlsen.