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World Trade Bulletin

Gavin McFarlane of Temple Chambers Cardiff explores recent developments on the world trade front
As the national delegations to the WTO packed their bags and slunk away after the collapse of the World Trade Organisation ministerial conference held recently in Cancun in September sharp images were conjured up of Napoleon's retreat from Moscow. But on this occasion there was no snow rather the warm sun of Mexico as a meteorological backdrop and this time there were no victors for everyone was a loser as a result of this diplomatic debacle. The consequences of the breakdown cannot be overestimated. Many economists argue that the huge expansion of international trade in the last half century and — at least in the western world — the enormous increase in living standards which...

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