Quote:
Originally Posted by astralis
pari,
by some estimates the failure of the doha round causes almost as much (potential) direct damage economically as the 9-11 attacks did in the US. remarkable.
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With the world bank placing so much emphasis on their current simplistic dogma of macro-economic reform while ignoring fundamentals such as modernisation of agricultural production it's only a matter of time until a crisis point is reached. There's a convenience for the developed world to ignore reform because it suits them politically (read the EU) to continue tarifs and subsidisation. Now we have the major 'third world' exporters halting exports at the same time as Burma loses the bulk of its production.
China and India can't be blamed for restricting exports, it's only logical to protect their own interests, but along with western agricultural reform they need their own reformation, moving from subsistence level farming techniques to modern mass production.