Author: Ed Gresser, GlobalWorks Foundation

It looks like Doha is heading for its first ever round failure, unless there is a big rescue operation directed by presidents and prime ministers — above all, those of the United States and China — or a partial salvaging as former U.S. Trade Representative Susan Schwab recommends.

This would be the first abandoned Round since multilateral trade negotiations were invented in 1947. This raises three basic questions: why this stalemate? What does it mean for trade and the global economy? And can/should anything new be done? Read more…