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Price: $19.95

Format:
Paperback 352 pp.
23 figures and 32 tables, 156 mm x 234 mm

ISBN-10:
0199219982

ISBN-13:
9780199219988

Publication date:
August 2007

Imprint: OUP UK

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Fair Trade For All

How Trade Can Promote Development

Joseph E. Stiglitz and Andrew Charlton

Series : Initiative for Policy Dialogue Series

How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial 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.

Readership : Policymakers, academics, students and anyone interested in world trade and development

Reviews

  • `'We are stuck with a global economic system that doesn't work for half the world. Stiglitz and Charlton propose a plan to embrace the other half, to move to a future of shared benefits and shared responsibilities.'
    '
    President Bill Clinton
  • `'This is an interesting read and I welcome the overall message that liberalisation is beneficial provided it is properly done in the interests of the poor. This is a valuable contribution to the debate.''
    The Rt Hon Hilary Benn MP, Secretary of State for International Development
  • `'Nobel Laureate Joseph Stiglitz and co-author Andrew Charlton offer us an insightful and challenging new study on how to make the world trading system truly supportive of international development. Professor Stiglitz's leadership in the globalization debate reflects his remarkable combination of scholarly excellence, extensive political experience, and deep commitment to social justice. This powerful combination shines through in this accessible and timely new book.''
    Professor Jeffrey D. Sachs, author of The End of Poverty, Director of the UN Millennium Project, and Director of the Earth Institute at Columbia University
  • `'The book offers a sharp challenge to the 'market fundamentalist' view that the best way poor countries can improve their lot is to eliminate all their trade barriers as rapidly as possible.'
    '
    Washington Post
  • `"The debate on trade and development has often been dominated by simplistic rhetoric, either overselling the benefits of trade liberalisation or demonising it. The authors of Fair Trade for All provide a well-written and balanced account of how to maximise the benefits of trade for development and avoid the pitfalls. For those with keen interest in the debates on the Development Agenda for trade, this should be a required reading."'
    Dr. Supachai Panitchpakdi, Secretary-General of UNCTAD

Foreword
Glossary
1. Introduction: The Story So Far
2. Trade Can Be Good for Development
3. The Need for a Development Round
4. What Has Doha Achieved?
5. Founding Principles: The Basis for a Fair Agreement
6. Special Treatment for Developing Countries
7. Priorities for a Development Round
8. How to Open Up Markets
9. Priorities Behind The Border
10. What Should Not Be On the Agenda?
11. Joining the Trading System
12. Institutional Reforms
13. Trade Liberalization and the Costs of Adjustment
Appendix 1: Empirical Review of Market Access Issues
Appendix 2: Empirical Review of the Singapore Issues

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Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997-2000.His best known recent publications include 'Making Globalization Work' (2006), 'Globalization and its Discontents' (2002) and 'The Roaring Nineties' (2003).
Andrew Charlton is a Research Officer at the London School of Economics. He has taught at Oxford University and been a consultant for the Initiative for Policy Dialogue, The United Nations Development Program and the OECD Development Centre.

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Special Features

  • Nobel Prize-winning economist Joseph Stiglitz puts forward a radical new solution to the problems of world trade
  • Addresses one of the most important issues that faces world leaders today: how can the poorer countries of the world be helped to help themselves through freer, fairer trade?
  • Promotes the idea that trade can be fair and beneficial for all
  • Sets the issues in the context of the history of recent world trade negotiations