Global Poverty and Development
We are all aware that there was great expectation from all quarters for trade reforms. After intense negotiations lasting over 8 years, the WTO came up, which was welcomed by all. However, even after all efforts at trade reforms there is large ring of subsidization by developed countries in certain critical sectors like Agriculture which is affecting the poverty syndrome all over. There was, therefore, the great need of looking into the question of subsidy & finding out its critical linkage with poverty. A serious attempt was, therefore, made to go into the definition of subsidy, how to discipline them and make them pursue developmental objectives. Certain specific areas like cotton subsidy were studied with great care. Attempt has also been made to look into various prohibited subsidies and different types of subsidies like input subsidies & output subsidies. Effort has also been made to look into case studies with consequential results. Relationship between subsidy & poverty has been studied in great detail with reference to important issues like import/barriers, export trend domestic support, welfare efforts and environment.
Such detailed study is not possible without widening the canvas. The study has, therefore, covered virtually all places in the world. Starting with the developed countries like the USA, the EC, Japan, Australia & New Zealand, the study has covered the new reformist countries like Hong Kong, Singapore, Thailand, Malaysia & Indonesia. An exclusive chapter has been set apart for India. China, Russia, Central European Countries Eastern European Countries have been covered with great care. Finally Latin American countries like Brazil, Peru, Argentina, Mexico & Costa Rica have been touched upon; so also South Asian countries like Bangladesh, Bhutan, Nepal, Sri Lanka & Pakistan have not been left out. Not only these countries have been covered but specific sectoral issues of particular countries like sugar problem of the EC, cotton issues of Brazil, educational subsidy problem of Zambia etc. have been analyzed with great competence. All in all, the entire globe has been analyzed. Two events, WTO & Doha Development Agenda have been set apart. Special efforts have been made to investigate the relationship between WTO & poverty, as well the impact of Doha round on various aspects. Statistical support has been given to sound authentic. It is hoped that all these efforts will bring in rich dividends. All concerned viz analysts, educationists, researchers & students will find it worth while to study this critical subject in great depth & be benefited.
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