Why Globalization Has Stalled
By Sebastian Mallaby (THE WASHINGTON POST, 24/04/06):
A few years ago, anti-globalization rioters were clogging the streets, disrupting the meetings of the world's multilateral organizations. Today, something more serious is afoot. The protesters have mercifully vanished, but international institutions are in disarray. Anti-globalization may have lost its voice, but so has globalization.
Start with the breakdown of trade negotiations. In the wake of the terrorist attacks of 2001, the whole world agreed that rich countries should open up to poor exporters. But now the Doha Round of trade talks is virtually dead. This month's deadline for a breakthrough will be missed; the European Union has refused to offer serious cuts in farm tariffs, and the Bush administration has signaled that it's giving up by moving its trade czar to the budget office.… Seguir leyendo »