Why Monday’s Collapse of the Doha Round Negotiations is the Best Outcome for Developing Countries
By Walden Bello*
The collapse on Monday of the Doha Round of World Trade Organization negotiations in Geneva is one of the best things to happen to the developing world in a long while.
In the past two weeks, in anticipation of the July 27-28 meeting of the World Trade Organization's General Council, a major rescue effort was mounted to save the "Doha Round" of global trade negotiations from collapse. The most prominent of these efforts took place at the Group of Eight Summit in St. Petersburg, where the leaders of the world's most powerful economies called for a successful conclusion to the round, painting it as a "historic opportunity to generate economic growth, create potential for development, and raise living standards across the world."
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