Rigged Rules and Double Standards: Trade, Globalisation, and the Fight Against Poverty

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Trade is one of the most powerful forces linking our lives, and a source of unprecedented wealth. Yet millions of the world’s poorest people are being left behind. Increased prosperity has gone hand in hand with mass poverty. Already obscene inequalities between rich and poor are widening. World trade could be a powerful motor to reduce poverty, and support economic growth, but that potential is being lost. The problem is not that international trade is inherently opposed to the needs and interests of the poor, ...

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Overview

Trade is one of the most powerful forces linking our lives, and a source of unprecedented wealth. Yet millions of the world’s poorest people are being left behind. Increased prosperity has gone hand in hand with mass poverty. Already obscene inequalities between rich and poor are widening. World trade could be a powerful motor to reduce poverty, and support economic growth, but that potential is being lost. The problem is not that international trade is inherently opposed to the needs and interests of the poor, but that the rules that govern it are rigged in favor of the rich.

If Africa, East Asia, South Asia, and Latin America were each to increase their share of world exports by one per cent, the resulting gains in income could lift 128 million people out of poverty. In Africa alone, this would generate $70bn – approximately five times what the continent receives in aid.

In their rhetoric, governments of rich countries constantly stress their commitment to poverty reduction. Yet in practice rigged rules and double standards lock poor people out of the benefits of trade, closing the door to an escape route from poverty.

Reform of world trade is only one of the requirements for ending the deep social injustices that pervade globalization. Action is also needed to reduce inequalities in health, education and the distribution of income and opportunity, including those inequalities that exist between women and men. However, world trade rules are a key part of the poverty problem; fundamental reforms are needed to make them part of the solution. Oxfam’s campaign, Make Trade Fair, aims to change world trade rules so that trade can make a real difference in the fight against global poverty.

This report gives comprehensive research findings and analysis, presenting a powerful case for changes in trade laws, and a reform agenda to make these changes happen.

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Editorial Reviews

From the Publisher
"The British humanitarian group Oxfam assails rich nations for their trade practices in Rigged Rules and Double Standards: Trade, Globalisation, and the Fight Against Poverty."
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Product Details

  • ISBN-13: 9780855985257
  • Publisher: Oxfam Publishing
  • Publication date: 2/28/2004
  • Pages: 272
  • Product dimensions: 8.30 (w) x 11.60 (h) x 0.60 (d)

Meet the Author

Kevin Watkins is Senior Policy Advisor in Oxfam. Previous books include The Oxfam Poverty Report (1995), and Economic Growth with Equity (1998).

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Table of Contents

Executive Summary; Foreword; Acknowledgements; Acronyms; Introduction; 1) Trade and globalisation in the twenty-first century; 2) Trade as a force for poverty reduction; 3) Left behind: poor countries and poor people in the international trading system; 4) Market access and agricultural trade: the double standards of rich countries; 5) Trade liberalisation and the poor; 6) Primary commodities—trading into decline; 7) Transnational companies: investment, employment, and marketing; 8) International trade rules as an obstacle to development; 9) Making trade work for the poor; Notes; References; List of background research papers.

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