Joseph Stiglitz

Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold

The author argues that trade liberalization must be balanced in agenda, process and outcomes, including not only sectors in which developed countries have a comparative advantage, like financial services, but also those in which developing countries have a special interest, like agriculture and construction services. Account must be taken of the marked disadvantage that developing countries have in participating meaningfully in negotiations.

Source: World Economy
Volume: 23
Number: 4
Pages: 437-54
Date: 1999