Globalization

There are proponents of globalization and there are opponents. Love it or hate it, but one just cant ignore its presence and the way it has affected the world post the cold war era. Closed economies could not afford to stay that way, and the current resurgence of growth is primarily due to the open economy.

The next month’s WTO meet at Hong Kong would be decisive in many factors. The major issues would be the farm subsidies present in France and other EU countries, and the IPR issues.

Interestingly, India and the US will co-chair a 14-member special group on services negotiations, a move aimed at giving a boost to WTO.

Ideas from:

http://www.economist.com/displaystory.cfm?story_id=5115177

http://www.financialexpress.com/fe_full_story.php?content_id=104235

http://www.rediff.com/money/2005/feb/22wto.htm