The Lores of Trade – Why Doha was doomed

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December 20, 2013

False premise: Why Doha was doomed to fail . . .

THE Doha Round of global trade talks was doomed to fail because it was launched on two false premises, says Charlene Barshefsky, who as US Trade Representative shepherded China into the World Trade Organisation, opening the doors to enormous domestic growth. Now, she says, trade nationalism is on the rise in Asia, partly in response to a flow of ‘hot’ money . . .