The Tragedy of Trade Blindness
The Doha Round of global free-trade negotiations is on the brink of collapse after ten years of talks. That amounts to a tragedy in the making, because the gains available from what has already been agreed are considerable, and would provide a major boost to the global economy.
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LONDON – The Doha Round of global free-trade negotiations is on the brink of collapse after ten years of talking. This is a tragedy in the making, because the gains available from what has already been agreed upon in the negotiations are considerable, and would provide a major boost to the global economy. Failure would thus constitute a serious indictment of political leaders in major trading countries in both the developed and developing worlds, possibly costing the global economy $700 billion in additional annual income.