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Can multilateral trade work for the poor?


  3. radix
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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.
radix

2 responses // Can multilateral trade work for the poor?

  • yes it can.

    i agree that fair trade is the way forward rather dependency upon aid.
    thinkersforum
  • I'm no expert but I think it is interesting that civilization was built upon and thrived through trade now in modern times we struggle with the idea of how trade can help global societies survive? The institutions we have invented to manage trade and conflict should have an easier time with this... something seems counterintuitive...
    The answer should be simply and obviously yes.
    salsamojo

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