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Winner of the Nobel Prize in Economics and author of the New York Times bestselling book Globalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper.
In Fair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. The book illuminates the reforms and principles upon which a successful settlement must be based.
Vividly written, highly topical, and packed with insightful analyses, Fair Trade For All offers a radical new solution to the problems of world trade. It is a must read for anyone interested in globalization and development in the Third World.
Joseph E. Stiglitz is University Professor at Columbia University and Co-founder and Executive Director of the Initiative for Policy Dialogue. A winner of the Nobel Prize in Economics in 2001, he was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000. He is the author of many books, including the international bestseller Globalization and Its Discontents, which has been translated into 28 languages. Andrew Charlton is a Research Fellow at the London School of Economics. He has taught at Oxford University and been a consultant for the Initiative for Policy Dialogue, The United Nations Development Program and the Organization for Economic Co-operation and Development.
1. Introduction: The Story So Far
2. Trade Can Be Good for Development
3. The Need for a Development Round
4. What Has Doha Achieved?
5. Founding Principles: The Basis for a Fair Agreement
6. Special Treatment for Developing Countries
7. Priorities for a Development Round
8. How to Open Up Markets
9. Priorities Beyond The Border
10. What Should Not Be On the Agenda
11. Joining the Trading System
12. Institutional Reforms
13. Trade Liberalization and the Costs of Adjustment Appendix 1: Empirical Review of Market Access Issues Appendix 2: Empirical Review of the Singapore Issues