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Globalization's Unanswered Questions


#1

Globalization's Unanswered Questions

Kumar Venkat

During the run-up to the World Trade Organization's failed meeting in Cancun, most editorial writers around the world called for an end to unfair farm subsidies and tariffs in rich countries. After all, who could be against an open global market in agricultural products that might offer farmers in poor countries a way out of poverty?

The New York Times went so far as to say that few things could improve the lives of more people -- including the more than one billion people living on a dollar a day or less -- than a positive outcome in Cancun.