Today’s Proposal From U.S. Questioned
Proposals to increase Aid for Trade funding, like today’s announcement from the U.S., will require damaging concessions in the form of tariff reductions from developing countries in return. Such a trade-off would undercut efforts to promote development. Mounting evidence clearly shows that increased trade liberalization does not benefit most countries, particularly developing countries.
Proposals to increase Aid for Trade funding, like today’s announcement from the U.S., will require damaging concessions in the form of tariff reductions from developing countries in return. Such a trade-off would undercut efforts to promote development. Mounting evidence clearly shows that increased trade liberalization does not benefit most countries, particularly developing countries.
After ten years of the WTO, economists are far from agreed on the anticipated benefits of trade liberalization. In fact, a number of recent studies, including by the World Bank, indicate that the benefits for development from trade liberalization have been massively overestimated. And the benefits that do occur go primary to developed countries. Countries in Africa and the Caribbean have been particularly hard hit by expanded liberalization.
Learn more about why further liberalization as a trade-off for increased Aid for Trade would have questionable benefits for poor countries.
When: 7 pm
Where: NGO Centre, Convention Centre, Room 410
Speakers: Kevin Gallagher, Tufts University, Global Development and Environment Institute.
Lori Wallach, Public Citizen’s Global Trade Watch
Speakers: Kevin Gallagher, Tufts University, Global Development and Environment Institute.
Lori Wallach, Public Citizen’s Global Trade Watch
Love Mtesa, Zambian Ambassador
Walden Bello, Focus on the Global South
Dot Keet, African Trade Network
Dot Keet, African Trade Network
Sophia Murphy, Institute for Agriculture and Trade Policy
