Aid for trade is a fixture in the development landscape,
accounting for approximately 25 per cent of total official development
assistance (ODA), and is being positioned as a building block in the future
development agenda beyond the 2015 expiry of the Millennium Development Goals.
In The Right to Trade, Nobel Prize-winning economist Joseph E. Stiglitz and Andrew Charlton argue that aid for trade has not delivered on its initial promise.
In The Right to Trade, Nobel Prize-winning economist Joseph E. Stiglitz and Andrew Charlton argue that aid for trade has not delivered on its initial promise.
To create a genuinely pro-development trade liberalization
agenda, the authors propose that a "right to trade" and a "right
to development" be enshrined within the WTO’s dispute settlement system;
and that aid for trade funds be consolidated into a coherent and predictable
framework, where dedicated funds are committed by rich countries to a Global
Trade Facility and dispersed through a transparent and competitive process.
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