Rigged Rules and Double Standards: trade, globalisation, and the fight against poverty

Author: 
Oxfam International
Publication Date: 
2002
Summary: 
There is a paradox at the heart of international trade. In the globalised world of the early twenty-first century, trade is one of the most powerful forces linking our lives. It is also a source of unprecedented wealth.Yet millions of the world's poorest people are being left behind. Increased prosperity has gone hand in hand with mass poverty and the widening of already obscene inequalities between the rich and the poor.
Abstract: 
There is a paradox at the heart of international trade. In the globalised world of the early twenty-first century, trade is one of the most powerful forces linking our lives. It is also a source of unprecedented wealth.Yet millions of the world's poorest people are being left behind. Increased prosperity has gone hand in hand with mass poverty and the widening of already obscene inequalities between the rich and the poor. World trade has the potential to act as a powerful motor for the reduction of poverty, as well for economic growth, but the potential is being lost. The problem is not that international trade is inherently opposed to the needs and interests of the poor, but the rules that govern it are rigged in favour of the rich.