Protectionism, self-reliance and village republics are not enough to lift 1.3 billion of the world’s poor out of absolute poverty. There is sufficient empirical evidence to demonstrate that trade can be a powerful catalyst for poverty reduction, that free trade with fairer policies will benefit the world's poor more than aid or charity. The problem is that World Trade Organisation negotiations and global trade are far from free and fair, with the balance skewed in favour of powerful trading blocs like the US and EU and against poorer nations
The principle of non-discrimination was meant to be the cornerstone of the World Trade Organisation and the multilateral trading regime. But ten years down the line, it is clear that the trade rules favour developed countries, and the promise of greater market access for developing countries has not been sufficiently realised
The most striking aspect of the farming crisis in India is that its severity is directly proportionate to the degree of integration with international trade and global markets
Goal 8 of the MDGs is about building a global partnership for development, an external economic environment that is favourable for development. From this perspective, the prevention of development-distorting rules, measures, policies and approaches should be the overriding concern of the WTO
The Millennium Development Goals address targets and percentages without relating these to the effect of structural inequalities, denial of social justice, economic inequities and the imposition of adverse policies. How then can the MDGs usher in a just new world order?
Resentment against the Mumbai Special Economic Zone has been building up in Pen, Uran and Panvel talukas of Raigad district, where over 10,000 hectares of land across 45 villages are being acquired. Thousands have filed objections to the land acquisition notices, asking why their lands and livelihoods should be sacrificed to promote world trade
Trade liberalisation and the proliferation of Special Economic Zones are expected to provide livelihood opportunities for thousands. This employment is expected to balance the huge revenue losses, large-scale displacement of farmers and regional development disparities resulting from SEZs. But what are the working conditions that are actually being created in these zones?