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Lowy Institute Papers
The new terms of trade
In this 2005 Lowy Institute Paper, Mark Thirlwell surveys the changing international trade landscape. The inability of policymakers to deliver the Doha Round has become a powerful symbol of the growing strains on the multilateral trading system.
18 November 2005
Executive Summary
Meanwhile, frustrated by Doha’s stagnation, policymakers have turned to bilateral and regional trade deals, creating an ever-expanding web of preferential trade agreements. These policy shifts are occurring at a time when China’s manufacturing might and India’s services-based export model have contributed to a fundamental reshaping of the international patterns of trade flows.
The Paper can be downloaded here.
