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Rigged Rules and Double Standards

By Kevin Watkins
ISBN: 9780855985257
Oxfam's campaign, Make Trade Fair, aims to change world trade rules so that trade can make a real difference in the fight against global poverty. This report gives comprehensive research findings and analysis, presenting a powerful case for changes in trade laws, and a reform agenda to make these changes happen.

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Rigged Rules and Double Standards View Jacket

  • Synopsis
    Trade is one of the most powerful forces linking our lives, and a source of unprecedented wealth. Yet millions of the world's poorest people are being left behind. Increased prosperity has gone hand in hand with mass poverty. Already obscene inequalities between rich and poor are widening. World trade could be a powerful motor to reduce poverty, and support economic growth, but that potential is being lost. The problem is not that international trade is inherently opposed to the needs and interests of the poor, but that the rules that govern it are rigged in favour of the rich. If Africa, East Asia, South Asia, and Latin America were each to increase their share of world exports by one per cent, the resulting gains in income could lift 128 million people out of poverty. In Africa alone, this would generate USD70bn - approximately five times what the continent receives in aid. In their rhetoric, governments of rich countries constantly stress their commitment to poverty reduction. Yet in practice rigged rules and double standards lock poor people out of the benefits of trade, closing the door to an escape route from poverty. Reform of world trade is only one of the requirements for ending the deep social injustices that pervade globalisation. Action is also needed to reduce inequalities in health, education, and the distribution of income and opportunity, including those inequalities that exist between women and men. However, world trade rules are a key part of the poverty problem; fundamental reforms are needed to make them part of the solution. Oxfam's campaign, Make Trade Fair, aims to change world trade rules so that trade can make a real difference in the fight against global poverty. This report gives comprehensive research findings and analysis, presenting a powerful case for changes in trade laws, and a reform agenda to make these changes happen.
  • Table of Contents
    Acknowledgements
    Foreword
    Executive summary
    Introduction

    Chapter 1
    Trade and globalisation in the twenty-first century

    Chapter 2
    Trade as a force for poverty reduction

    Chapter 3
    Left behind: poor countries and poor people in the international trading system

    Chapter 4
    Market access and agricultural trade: the double standards of rich countries

    Chapter 5
    Trade liberalisation and the poor

    Chapter 6
    Primary commodities - trading into decline

    Chapter 7
    Transnational companies: investment, employment, and marketing

    Chapter 8
    International trade rules as an obstacle to development

    Chapter 9
    Making trade work for the poor

    Notes
    References
    List of background research papers
    Acronyms
    Oxfam international addresses
  • Details
    Sub Title N/A
    Author Kevin Watkins
    Editor No
    Number of Pages 272
    Format Paperback / softback