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Wednesday, July 26, 2006

Book Review

Title: "Making Trade Fair"
Author: Joseph Stiglits
Ranking: 9/10

This is a great book for those who are interested in international trade and development. Joseph Stiglitz, who is a Nobel Prize winning economist, is well know for his time leading the World Bank, being a top economic advisor for Clinton, and writing works such as "Globalization and it Discontents". This book begins by describing the history and current trends of trade relations and theory. He then goes on to argue that the means of agreeing upon and results of global trade rules are manifestly unfair for the poorest countries. Poor countries often do not have the money or influence to legally represent their interests. The result of this is that trade decisions get made by a club of 'elite' countries. This bulk of this book discusses what a true 'development' round of global trade talks would look like that could benefit all sides, especially the poorest countries. This book represent a clear choice between a just and unjust trading system. I highly recommend it.

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