[OPE-L] No Fast Track to Global Poverty Reduction

From: glevy@PRATT.EDU
Date: Thu Apr 26 2007 - 20:42:35 EDT

----- Original Message -----
From: GDAE Announce
Sent: Thursday, April 26, 2007 4:07 PM
Subject: No Fast Track to Global Poverty Reduction

No Fast Track to Global Poverty Reduction

GDAE Policy Brief No. 07-02, April 2007

Timothy A. Wise and Kevin P. Gallagher

The March 31 deadline for the Bush Administration to submit a World Trade
Organization agreement to Congress under its current "fast track" trade
promotion authority has passed, with talks still stalled over agricultural
issues.  Yet Congressional Democrats have been quietly negotiating with
the Bush Administration to achieve a bipartisan consensus on trade, one
that can move forward not only the Doha negotiations but the range of
bilateral trade deals - Colombia, Peru, Panama, and now South Korea - now
on the table.  Congress should think twice before extending fast track
authority to achieve a new WTO agreement.

Those promoting this new bipartisanship cite the Doha mandate to make this
a "development round" of negotiations that fosters economic development
for the world's poorest countries.  Most evidence suggests that the
emerging set of tariff and subsidy reductions will have little impact on
global poverty; according to the World Bank, the number of people living
on less than a dollar-a-day will decline by less than one-half of one
percent with a Doha deal.

More worrisome, some the world's poorest nations may end up worse off,
while some of the poorest people - small farmers - lose ground even in
countries the World Bank predicts will gain from an agreement.  Finally,
the costs of liberalization to poor countries, particularly in lost tariff
revenue on which they depend for key government services, make the new WTO
agreement anything but friendly to development and poverty reduction.

Download Policy Brief:
See other analyses of the Doha Round:
For more on GDAE's Globalization and Sustainable Development Program:

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