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Is this the last stand for globalisation?

Posted by Matt in July 20th, 2008

Poor nations derailed the last WTO deal. Now economic turmoil means the rich countries could kill it off for the foreseeable future

With America reeling from the worst financial crisis for half a century, poor consumers struggling to afford food, and China’s appetite for raw materials forcing up the cost of oil, now may not seem the best moment for a new leap towards globalisation. Yet as trade ministers gather at the HQ of the World Trade Organisation on the shores of Lake Geneva this weekend, in a last attempt to resuscitate the seven-year-old Doha round of WTO talks, there is a powerful sense of now or never.

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Map for Lake Geneva, Switzerland

[Countries link to CIA Factbook. States link to Wikipedia.]


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