we have seen little press coverage in the United States of the World Trade Organization before its ministerial beginning this week in Cancun, Mexico. But around the globe, the WTO's 5th Ministerial is a big story. The divide between WTO nations about its future is coming into public view. At stake in Cancun is the future of the World Trade Organization and how it will implement corporate globalization. Success or failure depends on which side of the divide countries stand. Given that the most powerful countries of the WTO, partnering with the supposedly neutral WTO Secretariat, have set the meeting's agenda to suit their goals. There can be no good outcome. The best result is what the U.S. media may report as a ``failure.'' The small block of powerful nations fail to steamroll the majority of the WTO's members who are developing nations, and the summit ends in deadlock. The problem is that the U.S., the European Union, Japan, and a handful of other rich nations want the WTO to be ``the constitution for a single global economy,'' a description that the first WTO Director General famously uttered in a moment of unguarded candor.
On the recordSeptember 9, 2003
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govinfo.govEditor's note · Context
Discussing the World Trade Organization's 5th Ministerial and its implications for global trade.
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