Fair Trade for All Ho Trade Can Promote Development [Paperback]

Winner of the Nobel Prize in Economics and author of theNew York Timesbestselling bookGlobalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper.
InFair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. The book illuminates the reforms and principles upon which a successful settlement must be based.
Vividly written, highly topical, and packed with insightful analyses,Fair Trade For Alloffers a radical new solution to the problems of world trade. It is a must read for anyone interested in globalization and development in the Third World.


Provocative.... Stiglitz and Charlton show that standard economic assumptions are wrong when it comes to many developing economies.... Stiglitz is worth listening to.... The authors argue that the pace at which poorer nations open their markets to trade should coincide with the development of new institutions--roads, schools, banks and the like--that make such transitions easier and generate real opportunities. Since many poor nations can't afford the investments required to build these institutions, rich nations have a responsibility to help. --Robert B. Reich,The New York Times BookReview

We are stuck with a global economic system that doesn't work for half the world.lS$