Weisbrot on WTO

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Friday, 23 February 2007 13:25
Mark Weisbrot spoke at a briefing on the World Trade Organization (WTO) for Congressional staff. He discussed the shrinking gains from trade that are to be expected from a successful Doha Round of WTO negotiations, and weighed them against the potential losses to developing countries. Mark pointed out that - according to the World Bank's research - developing countries have very little to gain from the further trade liberalization that would be required under the Doha Round, while they would meanwhile have to make costly changes, including adopting new rules and tariff reductions that would limit their development options.