Globalisation and Development: The WTO Bali Deal: ‘Doha Lite and Decaffeinated’ | Global Political Economy |
Echoing the official World Trade Organization (WTO) line, many commentators hail the trade deal reached at the WTO Ministerial Conference in Bali on Saturday as a historic landmark agreement that will create 20 million new jobs and a trillion dollars in annual global economic gains. However, a number of charities and campaigners have criticised the Bali package as a scheme that exposes hundreds of millions to the prospect of hunger and starvation. Neither of these assessments withstands closer scrutiny of the actual contents of the package.