When in 2001 Joseph Stiglitz won the Nobel Memorial Prize in economic sciences, along with two other economists, many rejoiced that market imperfections were at last getting some recognition. But Stiglitz's recent reputation has most to do with his rebellious attitudes at the World Bank. The...

This economist argues that the multilateral talks have for too long been stacked against the developing countries. For negotiations to continue, the developed states must concede that developing countries have a right to protect infant industries and that the negotiating process needs an...

In this fascinating history of economic development, the author shows that, contrary to popular myth, the early development of both Britain and the United States depended on protective tariffs to a significant degree. Why is this history so widely ignored? asks the author.

The author says that plans to reduce industrial tariffs during the next round of World Trade Organization talks have greater consequences than plans to reduce agricultural trade restrictions. Do the developing nations fully understand what they are giving up? This development specialist says...