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Challenges to Globalization: Analyzing the Economics

  • Political Science


Challenges to Globalization.An Overview. This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Challenges to Globalization: Analyzing the Economics Volume Author/Editor: Robert E. Baldwin and L. Alan Winters, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-262-03615-4 Volume URL: Conference Date: May 24-25, 2002 Publication Date: February 2004 Title: Challenges to Globalization.An Overview. Author: Robert E. Baldwin URL: Introduction The failure of the World Trade Organization’s (WTO’s) 1999 ministerial conference in Seattle was a shock to the traditional trade-policy commu- nity. Most member governments and outside observers believed that trade ministers would be able to hammer out an agenda for a new round of multi- lateral trade negotiation, difficult though this would be and vague or am- biguous the language might be on some points. Instead, not only did min- isters fail to establish an agenda or set a date for a new round of trade negotiations, but the meeting revealed deep divisions among governments and private-sector groups concerning the nature of the globalization pro- cess as it was being shaped by such public international organizations as the WTO, the International Monetary Fund (IMF), and the World Bank, as well as by multinational private corporations. Fortunately, as a consequence of much hard work by the WTO director general Mike Moore and the country representatives stationed in Geneva, plus several key compromises by ministers, the ministerial meeting on trade held in Qatar in November 2001 was successful in launching a new round—the Doha Development Agenda—in January 2002. However, one agenda item important for some industrial countries, namely core labor standards, was rejected outright, and negotiations on a number of other Challenges to Globalization An Overview Robert E. Baldwin and L. Alan Wi

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