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Walden Bello

Biography: 

Executive Director, Focus on the Global South.

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Recent Commentary

TRADING PLACES: Is Free Trade Faltering?

with Walden Bello, Jagdish Bhagwativia Uncommon Knowledge
Friday, June 14, 2002

According to a 1998 study by the Organization for Economic Cooperation and Development, over the last half century nations that have been more open to trade have experienced double the annual growth rate of those that have been closed. So why would any nation be opposed to free trade? But, in fact, many developing countries are skeptical of free trade—believing that the rules of global trade benefit the rich, developed North at the expense of the poor, developing South. Are the critics right? With even President Bush's commitment appearing to falter, is the drive to greater free trade in crisis?