Global Trade: Past Mistakes, Future ChoicesTrade, along with the free movement of capital, is at the heart of today's international economy. But international trade is an intensely political and contested subject. In this book, Greg Buckman details possible future directions in global energy supplies and balance-of-payments imbalances. He argues that, just as current trading arrangements have been the product of past decisions emerging out of apparently unrelated considerations, so factors like future fossil fuel costs, global warming, and the economic imbalances between North and South are likely to impel a radical reshaping of the WTO and the principles enshrined in its agreements as well as the global trading system in general. |
Contents
European global exploration | 6 |
Adam Smiths Wealth of Nations | 13 |
World trade in the twentieth century | 20 |
Changing global trade players | 29 |
Global trade negotiations | 37 |
The Uruguay Round | 44 |
New issues in the Doha Round | 62 |
Negotiating tactics within the | 68 |
Global poverty | 143 |
Changes in global inequality both within and between countries | 151 |
Trade and the environment | 159 |
The environmental impact of the | 165 |
The environmental impact of foreign investment | 173 |
The future of | 183 |
Future world oil demand | 189 |
The peaking of global oil supply | 195 |
Regional trade deals | 74 |
Highincome countries and trade | 83 |
Highincome countries client state relationships with lowincome | 91 |
The downsides of trade liberalisation in highincome countries | 99 |
Lowincome countries and trade | 106 |
Future trade relations between lowincome countries | 112 |
The myth of lowincome country manufacturing export growth | 120 |
Challenges confronting lowincome countries trade | 128 |
Trade poverty and inequality | 134 |
Global warming | 196 |
The Bretton Woods exchange rate system | 211 |
The trade plight of least developed countries | 224 |
Common trade policies of the global justice movement | 239 |
Ideological battles within the global justice movement | 255 |
lessons for the future | 269 |
Suggested reading | 283 |