Archive for December 28th, 2011

28/12/2011

The Big Failure of Global Policies and Practices

Human Wrongs Watch

By Raúl de Sagastizabal* – Politica Press

Montevideo – The World Trade Organization (WTO) has failed. In December, the Doha Round is turning ten years old, with nothing to celebrate[i]. Formal negotiations of the Round expired in 2005, without any agreement, and informal negotiations stalled in 2008. Indications in December too were that an agreement to liberalize trade among its 153 member countries was eluding.

Source: Politica Press

The policies and practices governing the global world until now have also failed. The first world crisis rustles the fundamentals of market liberalization and mobility of unchecked and non-regulated capital flows, although some people do not seem to hear the sound of the collapse, mainly in Europe, which remains dogged in patching the cracks.

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