December 24, 1999   Home  Teahouse   Features    Commentary    Poetry  Horoscopes   Ad Info

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Borabora -- a
taste of Paradise

The Pig: From
different viewpoints

Noni: A Cure from
East to West

 

Commentary

  World's poor pin
hopes on
UNCTAD-X
(Editorial)

Return to green
(Editorial)

Five Obstacles
In Our Quest
For a Political
Voice
(SB Woo)


 


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World's poor pin hopes on UNCTAD-X

After the debacle in Seattle, many of the world's poorest nations are looking for the United Nations trade conference in Bangkok to set a course toward 'people-friendly' globalization.

From the statistical standpoint, it's hard to argue that free trade has not been good to the Pacific Rim region. However, many small farmers, fisherfolk, small business owners and the like might disagree.

For them, globalization means getting pushed out by powerful multinational corporations.

A poultry farmer in a developing country, for example, may not be able to lower prices like a large corporate importer. The corporation sells products in huge quantities and thus can manage a lower profit margin.

Even more sinister is the possibility of big business foregoing profits for a period -- managing on capital reserves -- in order to wipe out smaller competitors.

Diverse groups ranging from international labor to nationalist political parties have come to see eye-to-eye when it comes to disfavoring the WTO.

The organization seems arrogantly disposed to the developing nations. The perception is that the WTO is mainly out to serve the interests of the multinationals.

The UN, however, has managed to gain acceptance among the same folk just as it has so many times before.

The developing nations have much more positive experiences with the UN and they seem to like its current leader, Kofi Annan. At least he understands the struggles they face.

In Bangkok, Annan promised to work toward trade which is beneficial to the poorest of the poor.

That sounds so different from the language that usually comes out of the droll Western-dominanted WTO press releases.

More power and good luck to Mr. Annan.


 
 
 

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Headlines

Central Asia

World Bank to
allocate $1.3
million aid for
Mongolian herders
(MongoliaOnline)

UNDP helps Tibet
recruit experts
(World Tibet Network)

East Asia

Japan bill mandates
prison for human
cloning
(Japan Times)

Opposition questions
summit timing
(Korea Herald)

Pacific Islands

Internet could
make Tuvalu
world's wealthiest
nation per capita
(CocoNet Wireless)

Taukei Movement
wants gov't out
(fijilive.com)

South Asia

'US will consider
UN seat for
India'
(The Asian Age)

Sherpa women to
tackle Everest
(NepalNews.com)

Southeast Asia

16 million without
power after
Mindanao blackout
(PDI)

Police question
Anwar supporters
(Hong Kong Standard)

 


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