Social Sciences
8 years ago

Rich Countries Stifle Development in Poor Nations Through Unfair Trade Practices

Foreign Policy
Small Loans, Big Claims
Farhad Hossain

Paper Summary

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The article "Small Loans, Big Claims" discusses how rich countries are hindering the development of poor nations in the World Trade Organization (WTO). They are not making progress in phasing out discriminatory quotas on textiles and garments, and the US farm bill has increased subsidies, stalling negotiations. The author suggests a more virtual WTO to address these issues.