The financial crisis does not justify a WTO deal

Many political leaders have been calling for the conclusion of the ‘Doha Round’ negotiations in the World Trade Organisation (WTO) as a solution to the financial crisis, in order to provide a boost to the world economy and a signal of confidence to multilateralism. They argue that WTO rules prevent “protectionist measures”, closing of borders, and beggar-thy-neighbour policies, which led to the economic depression in the 1930s and the consequent wars. read more less