Between the Lines: How the Demise of Doha May Signal a Move to True Free Trade
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Summary
HOW serious is the collapse of the Doha trade round for the global economy? From a practical point of view, the world has been getting on quite happily during the five years in which the trade round has been failing to reach any conclusion.
The year 2004 was a milestone for the world economy, which grew by 5.1 per cent - the fastest in three decades. Last year, growth was a bit down at 4.8 per cent but that was still a strong showing given the surge in oil prices. World trade in goods and services rose 10.4 per cent in volume in 2004 and 7.3 per cent in 2005. That's nearly a fifth in only 24 months, which is staggering by any benchmark. This year, trade in goods and services is projected to increase by 8 per cent.See the full content of this document
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Between the Lines: How the Demise of Doha May Signal a Move to True Free Trade
The biggest beneficiaries of this growth are the developing and emerging economies which the Doha round was dedicated to helping. Exports of goods and service exports from these markets grew by 14.6 per cent in 2004 a...
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