Global Trade - Don’t blame us for the crisis
Apart from the above mentioned two important things, there is one more area that needs significant focus in order to ensure overall world development. Countries must also look forward to improving the bilateral trade relations. It is true that the success of the multilateral negotiations of the Doha Round is more important than ever before, and it upsets me greatly to see that a great part of the political class in Europe and the US remains anchored to protectionist positions, something which is not what development and the fight against poverty demands. This is primarily due to lack of political leadership and shortage of vision, which leads to imposing sectarian and particular interests in the way of general interests. Today, especially Europe and the US are harming themselves with such short-sighted policies. Short-sighted arguments are on the short-term revenue losses, which they want to recover by raising tariffs, and the fear from economies like China and India, which they deem as potential threats for their industries in future.
The situation has become grave now! Though, we direly need some positive result out of these multilateral negotiations, we cannot merely sit back and wait for other countries to change their stand and come to a consensus. In the mean time, I believe, forging bilateral agreements, Free Trade Agreements (FTA) and even a Regional Trade Agreements (RTA), are better options. By giving priority to this, even India can advance in the liberalisation of bilateral trade with many other countries and then consolidate the agreements at the WTO level once the Doha Round succeeds.
As told to Shashank Tripathi
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
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Apart from the above mentioned two important things, there is one more area that needs significant focus in order to ensure overall world development. Countries must also look forward to improving the bilateral trade relations. It is true that the success of the multilateral negotiations of the Doha Round is more important than ever before, and it upsets me greatly to see that a great part of the political class in Europe and the US remains anchored to protectionist positions, something which is not what development and the fight against poverty demands. This is primarily due to lack of political leadership and shortage of vision, which leads to imposing sectarian and particular interests in the way of general interests. Today, especially Europe and the US are harming themselves with such short-sighted policies. Short-sighted arguments are on the short-term revenue losses, which they want to recover by raising tariffs, and the fear from economies like China and India, which they deem as potential threats for their industries in future.
The situation has become grave now! Though, we direly need some positive result out of these multilateral negotiations, we cannot merely sit back and wait for other countries to change their stand and come to a consensus. In the mean time, I believe, forging bilateral agreements, Free Trade Agreements (FTA) and even a Regional Trade Agreements (RTA), are better options. By giving priority to this, even India can advance in the liberalisation of bilateral trade with many other countries and then consolidate the agreements at the WTO level once the Doha Round succeeds.
As told to Shashank Tripathi
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
