In this book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They 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 and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development.
-FROM THE PUBLISHER

Introduction : the story so far p. 1
Trade can be good for development p. 11
The need for a development round p. 41
What has Doha achieved? p. 57
Founding principles : the basis for a fair agreement p. 67
Special treatment for developing countries p. 87
Priorities for a development round p. 107
How to open up markets p. 115
Priorities beyond the border p. 133
What should not be on the agenda? p. 141
Joining the trading system p. 157
Institutional reforms p. 167
Trade liberalization and the costs of adjustment p. 171
Empirical review of market access issues p. 215
Empirical review of the Singapore issues p. 261
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