In Fair Trade for All: How Trade Can Promote Development, Stiglitz and Charlton prescribe what a multilateral trade agreement-that promotes development and is fair for all-would include. This review appraises their prescriptions and offers some alternatives. Many of their ideas about what developed countries should do (opening markets, especially of labor intensive goods and services and cutting farm subsidies) are quite familiar and sensible. More controversially, however they propose that all WTO members (both developed and developing) completely open their markets to all developing countries poorer and smaller than themselves. They also stress the importance of preserving domestic policy space, dropping intellectual property rules from the WTO and keeping restrictive rules off the agenda. Among its criticisms 0 the book, the review points out that the liberalization proposal contradicts their own arguments favoring individually tailored policies in developing countries and is likely to maximize trade diversion. In addition, their prescriptions for more policy space neglects the more desirable, possibility of a WTO in which members accept differentiated commitments.
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Univ Buenos Aires, Fac Filosof & Letras, Grp Estudios Colonialidad, Buenos Aires, DF, ArgentinaUniv Buenos Aires, Fac Filosof & Letras, Grp Estudios Colonialidad, Buenos Aires, DF, Argentina
Concha, Paz
Figueira, Patricia
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Univ Buenos Aires, Fac Filosof & Letras, Grp Estudios Colonialidad, Buenos Aires, DF, ArgentinaUniv Buenos Aires, Fac Filosof & Letras, Grp Estudios Colonialidad, Buenos Aires, DF, Argentina
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Radboud Univ Nijmegen, CIDIN, Dev Studies, POB 9104, NL-6500 HE Nijmegen, NetherlandsRadboud Univ Nijmegen, CIDIN, Dev Studies, POB 9104, NL-6500 HE Nijmegen, Netherlands
Ruben, Ruerd
Fort, Ricardo
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GRADE, Lima, PeruRadboud Univ Nijmegen, CIDIN, Dev Studies, POB 9104, NL-6500 HE Nijmegen, Netherlands
Fort, Ricardo
Zuniga-Arias, Guillermo
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Univ Nacl, CINPE, Heredia, Costa RicaRadboud Univ Nijmegen, CIDIN, Dev Studies, POB 9104, NL-6500 HE Nijmegen, Netherlands