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  • Eyes on Trade is a blog by the staff of Public Citizen's Global Trade Watch (GTW) division. GTW aims to promote democracy by challenging corporate globalization, arguing that the current globalization model is neither a random inevitability nor "free trade." Eyes on Trade is a space for interested parties to share information about globalization and trade issues, and in particular for us to share our watchdogging insights with you! GTW director Lori Wallach's initial post explains it all.


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April 26, 2007

Tufts: No Fast Track to Global Poverty Reduction

The good folks over at Tufts University's Global Development and Environment Institute have posted a new policy brief (PDF) showing that the WTO Doha Round's emphasis as a "development round" aimed at helping poor countries is more or less a sham. For instance:

If you were a typical poverty-level farmer or worker in the developing world making $100 per month (roughly $4 per day to support your family), your gains from a successful WTO negotiation would be a raise of sixteen cents a month – $100.16... Following negotiations supposedly focused on developing country needs, rich countries are projected to receive an embarrassing 25 times the per-capita gains of developing countries. That’s right: we get $79 each a year, they get $3.

Their conclusion? "Extending the President's trade promotion authority to complete an agreement so hostile to true economic development and so inefectual in reducing global poverty would be a sad mistake." That's pretty clear-cut, huh?


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