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Surupa Gupta and Sumit Ganguly

India's farmers hold enormous sway over New Delhi's policymaking. Narendra Modi may have come to power as a free-market reformer, but the fear of being portrayed as anti-farmer has led him to block a trademark WTO deal that India had previously approved. 

Essay, May/June 2011
Susan C. Schwab

It is time to face reality: the current round of multilateral trade talks is doomed. Rather than try to revive it, argues a former U.S. trade representative, world leaders should salvage a few smaller agreements and study what went wrong in order to do better the next time around.

Review Essay, Jan/Feb 2010
Jagdish Bhagwati

As the Zambian economist Dambisa Moyo argues, the concept of foreign aid is flawed -- not just because corrupt dictators divert aid for nefarious or selfish purposes but also because even in reasonably democratic countries, aid creates perverse incentives and unintended consequences. 

Rawi Abdelal and Adam Segal

The international financial crisis has thrown the forward march of globalization into question. If the United States and others can learn from the crisis and control borrowing, then the positive potential of global trade and finance may be restored.

Essay, Mar/Apr 2009
Rachel L. Loeffler

Financial sanctions have become a key tool of U.S. foreign policy. Measures taken against Iran and North Korea make clear that this new financial statecraft can be effective, but true success will require persuading global banks to accept a shared sense of risk.

Essay, Jan/Feb 2009
Aaditya Mattoo and Arvind Subramanian

Trade problems are an underlying cause of the financial crisis. To truly revive the world economy, a new trade consensus is necessary.

Review Essay, Sep/Oct 2006
Robert H. Wade

In "Economic Justice in an Unfair World", Ethan Kapstein sets out admirably to define a global system that would guarantee opportunity for all states. But on the key issue -- free trade -- he subverts his own efforts by clinging to simplistic neoliberal dogma.

Essay, Special 2005
William R. Cline

World leaders have dubbed Doha the "development round" because they recognize how much free trade would do to foster development -- and how urgent the need for development is. For those hopes to be realized, both industrialized and developing nations must go further toward getting rid of existing barriers.

Essay, Special 2005
Arvind Panagariya

Agriculture will be the make-or-break issue in Hong Kong. On the surface, obstacles to an agreement seem insuperable. But a careful examination of the current agricultural trade regime reveals that prospects for an agreement are not as bleak as they appear.

Essay, Special 2005
C. Fred Bergsten

The Doha Round could become the first major multilateral trade talks to fail since the 1930s. To prevent a collapse, policymakers in the G-8 and key developing countries must resolve global monetary and current account imbalances, counter the backlash against globalization, and find a way to jolt the talks back to life.

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