broken arm
New Member
- Joined
- Jul 9, 2003
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some of the functioning aspects are quite simple though. one important factor of the 'economic system' and inequality is international trade and how international trade organisations and trade rules need to be democratised in order for it to work for the benefit of everyone. There is a huge amount of empirical evidence to prove that there are mechanistic elements and barriers within the global trade rules system that foster and perpetuate poverty. You only need to look at facts such as that the average OECD tariff on manufactured goods from the developing countries is more than four times those on manufactured goods from other OECD countries and the UN estimates that poor countries are denied $700 billion because of unfair trade rules.jane said:The more I think about how complex the political and socioeconomic conditions of the world actually are, the less I can see how one can really isolate the economic system as being the root of it all.
The main responsibility for this remains with the countries involved in the WTO (last time i looked there was 139 and each has the power of veto). There is so much to be worked on even this issue - e.g. in the WTO there is an urgent need to look closely at the current formation of the consensus-based system and the ‘single-undertaking’ format (agreements as all-or-nothing packages) , both of which can allow bullying of poorer countries. Developing countries must be allowed to consolidate potential gains without being forced into a "quid pro quo" situation.
I wouldn't call for the removal of the WTO because it has shown itself capable of working in the interests of the smaller countries - Off the top of my head is a case of the blocking of imports of Costa Rican underwear by the US - C.R appealed to the WTO and the WTO ruled in favour of C.R. - stupid example but you see what I mean. Somebody somewhere said that the only thing worse than a world with international trade rules is a world with no trade rules at all. And the smaller countries involved see this but there is a massive reform required.
actually Id better not start ranting now but trust me there are relatively simple measures and they dont involve smashing anything - sort of anyway............................