Wednesday, November 25, 2009

The truth about WTO

"More importantly, Lamy's claim that the poorest will benefit from the conclusion of the Doha round is utterly without foundation. Academic assessments concur that the deal currently on the table will mostly benefit the world's richest countries, as well as certain export sectors in powerful developing countries. The World Bank's analysis shows that 80% of gains from the Doha round will go to high-income economies, and that the six countries of China, Thailand, India, Indonesia, Argentina and Brazil will scoop up almost all the rest." (Thanks Laila)

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