Monday, September 15, 2003


One can see why the poorer countries of the word are poor. Once again they have shot themselves in the foot. The recent WTO conference was their best hope of getting access for their products to the West but the conference appears to have foundered on the intransigence of third world leaders. The main reason why the conference failed was apparently that third-world leaders were more worried that freer trade might benefit the dreaded “multinationals” and the like than they were about the higher incomes that free trade would give to their farmers etc. And they would rather let their people starve than give them GM food too. Political correctness has a lot to answer for.

UPDATE There is more here on why the third world desperately needed the WTO negotiations to succeed.

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