Book contents
- Frontmatter
- Dedication
- Contents
- Preface and Acknowledgments
- List of Tables, Figures and Boxes
- Chapter 1 Introducing the Clash of Globalizations
- Chapter 2 Losing Control: Policy Space to Regulate Cross-Border Financial Flows
- Chapter 3 The New Vulture Culture: Sovereign Debt Restructuring and International Investment Rules
- Chapter 4 Whither the Developmental State? Industrial Policy and Development Sovereignty
- Chapter 5 Understanding Developing Country Resistance to the Doha Round
- Chapter 6 Trading Away the Ladder? Trade Politics and Economic Development in the Americas
- Chapter 7 Putting Development First: Trade Policy for the Twenty-first Century
- References
- Index
Chapter 5 - Understanding Developing Country Resistance to the Doha Round
Published online by Cambridge University Press: 05 September 2013
- Frontmatter
- Dedication
- Contents
- Preface and Acknowledgments
- List of Tables, Figures and Boxes
- Chapter 1 Introducing the Clash of Globalizations
- Chapter 2 Losing Control: Policy Space to Regulate Cross-Border Financial Flows
- Chapter 3 The New Vulture Culture: Sovereign Debt Restructuring and International Investment Rules
- Chapter 4 Whither the Developmental State? Industrial Policy and Development Sovereignty
- Chapter 5 Understanding Developing Country Resistance to the Doha Round
- Chapter 6 Trading Away the Ladder? Trade Politics and Economic Development in the Americas
- Chapter 7 Putting Development First: Trade Policy for the Twenty-first Century
- References
- Index
Summary
Nowhere has the clash of globalizations become more acute than in the Doha Round negotiations at the WTO. Development concerns were enshrined in the round during its inception and have been the core of controversy ever since. Indeed, lack of agreement on development has been the core reason why the round has now collapsed three times since 2001: in Cancun 2003, Hong Kong 2005 and Geneva 2008.
Talks collapsed around a convergence of two things. First, the market access benefits to the developing (and developed) world were shrinking and small. Second, the developing world saw real costs in terms of the shrinking of policy space for successful globalization, especially as it became more and more clear that developed countries were not willing to yield on even those measures (agriculture concessions) that would bring the small gains. Unlike the Uruguay Round, the developing countries were not willing to trade away development sovereignty for small economic gains for the few.
The fact that there was a development mandate to begin with, and that developing countries have managed to reject proposals by rich countries that would hinder their ability to manage globalization for national development, is new. This is largely due to new market power exhibited by those developing countries that have been the most successful globalizers since the end of the Uruguay Round: China, India, Brazil, South Africa and the numerous countries that formed strong coalitions with them.
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- The Clash of GlobalizationsEssays on the Political Economy of Trade and Development Policy, pp. 97 - 116Publisher: Anthem PressPrint publication year: 2013