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Article: World Trade overload? The World Trade Organisation has to steer a course between two dangers: a surfeit of ambition, and a lack of it.(Editorial)
- Article from:
- The Economist (US)
- Article date:
- August 3, 1996
CopyrightCOPYRIGHT 1996 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE best thing about the Uruguay round of GATT, weary trade negotiators might say, was the day it ended. At last, seven years of jawboning, walking out and making up were over. In less cynical moments, however, they might think differently. Perhaps the best thing was that developing countries came to see that free trade was actually good for them, and not a cover for some rich-world conspiracy. And that makes it a particular shame that, as trade diplomats gather their strength for another trade-liberalising effort, some rich countries seem to have forgotten how hard that trust was to gain, and how easy it may be to lose. If they do not recover their memories soon, they may ...