.. How dramatically things have changed. The failure of the global trade agenda essentially reflects an incapacity of both the established and emerging players to adjust to the new global economic realities and to fashion a reformed global trade governance structure ..
When there's no happily ever after to trade talks
Jean-Pierre Lehmann
Countries are not adapting to new global reality, so it's time to relook the trade deal approach
[Background:
• The writer is emeritus professor of international political economy at IMD, Lausanne, Switzerland, founder of The Evian Group and visiting professor at Hong Kong University and NIIT University in India.]No, Mr. Lehman,
it's not "incapacity", it's the dominance of corporate interest & power over democratic rights of people - negotiated in secrecy to avoid public control - that is bringing treaties like "TPP" or "TTIP" to a grinding halt!
All it shows in addition is the rejection of "The American Way" of exploitation of resources & deterioration of nature for the good of a few wealthy families in the U.S.A. (and Europe).
So it's the "intention" that's killing the mentioned treaties and the like - only those who do not want to see the US hegemonial efforts fading away (!) are still in support of such.
During negotiations for GATT and in founding the WTO - both dominated by the U.S.A. to preserve it's leadership (on no reasonable grounds) - the participating countries had other worries than those affected by those institutions. WTO - with no legitimate background in elections, but acting like a global caretaker - will be obsolete in a few years, too.
The only way to get things straightened out is to negotiate in the open, for the true benefit of ordinary people, with respect for nature and by saying 'bye-bye' to the idea of permanent growth in a limited world.
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