Trade Liberalization And Economic Development

摘要

Over the past year and a half, a crisis beginning in the U.S. subprime mortgage market segment has triggered a global financial crisis of historic proportions, leading to a global economic slowdown that may rival the Great Depression. Contagion across sectors and borders in increasingly interdependent goods and money markets underscores the importance of international cooperation to contain the crisis, accelerate recovery, and avoid future crises. Proponents of free trade have argued that completion of the Doha Development Round of international trade negotiations would serve these goals, particularly in poor countries (1).