WORLD TRADE AND CANCUN SUMMIT

Öz

The world trade summit held in Cancun collapsed. The Failure in Mexico means a blow to the multilateral trade System that has beeıı contributing to global wealth. The future of WTO after defeats in Seattle and Cancun is seriously in danger. The only positive development in the meeting might be the birth of the G-21 initiative led by Brazil, China, and India. Now, G-21 has a chance of challenging the US, EU, and Japan as one voice. They must overcome the lack of expertise in future meetiııgs with a good cooperatioıı.In world trade, if multilateral cooperation ceases to existent, everybody would lose but the ones who would lose the most would be poor couııtries. Cancun’s failure did not make this sceııario iııevitable but possible. The problem lies there.

Anahtar Kelimeler

• World Trade,WTO,G-21 initiative

WORLD TRADE AND CANCUN SUMMIT

Öz

The world trade summit held in Cancun collapsed. The Failure in Mexico means blow to the multilateral trade System that has beeıı contributing to global wealth. The future of WTO after defeats in Seattle and Cancun is seriously in danger. The only positive development in the meeting might be the birth of the G-21 initiative led by Brazil, China, and India. Now, G-21 has a chance of challenging the US, EU, and Japan as one voice. They must overcome the lack of expertise in future meetiııgs with a good cooperation. In world trade, if multilateral cooperation ceases to existent, everybody would lose but the ones who would lose the most would be poor couııtries. Cancun’s failure did not make this sceııario iııevitable but possible. The problem lies there.

Anahtar Kelimeler

• World Trade,WTO,G-21 initiative

Kaynakça

1. [1] The WTO under fire. (2003). The Economist, September 20lh-26lh, pp.29-31.
2. [2] Guardian. (2003). Guardian trade supplenıent, September 11-17, p.2.
3. [3] Bhagirath, L.D. (1999). The World Trade Organization -A [10] Vidal, J. (2003). The tree of life has become a battle. Guide. UNCTAD, pp.3-4. Guardian Trade Supplement, p.7.
4. [4] Stiglitz, J. (2003). The World should have a vested interest in resolving inequalities. Guardian trade supplement, September 11-17, p.7.
5. [5] Buğra, A. (2003). Piyasa Ekonomisi Macerası: Dün ve Bugün. Birikim Dergisi, Haziran-Temmuz, 170/171, p.15.
6. [6] Watkins, K. (2003). Countdown to Cancun. Prospect, August. pp.28-33.
7. [7] Rodrik, D. (2001). Trading in Illusions. Foreign Policy, March-April,. pp.55-56.
8. [8] UNCTAD. (2002). Trade and Development Report, pp.IV-VII.

9. [9] Stiglitz, J. (2003). Trade Imbalances. Guardian Weekly, September 3, s.7.
10. [11] Khor, M. (2003). The Singapore Issues. Third Worl.d Resurgence Issue, p.31.
11. [12] The Economist. (2003). A Survey of the World Econonıy, September 20th, p.32.