Developing countries not likely to benefit from trade liberalisation

LONDON – Since 2008, global trade has grown slightly more slowly than global GDP. The Doha Round of World Trade Organization negotiations ended in failure. Transatlantic and transpacific trade negotiations are progressing slowly, held back by the resistance of special interests. But, though many experts fear that protectionism is undermining globalization, threatening to impede global economic growth, slower growth in global trade may be inevitable, and trade liberalization is decreasingly important.

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Tsvangirai hits back at Mugabe

President Robert Mugabe should focus on reviving the country’s economy instead of focusing on Movement for Democratic Change leader Morgan Tsvangirai’s sex life, Tsvangirai’s spokesman Luke Tamborinyoka said in a statement today.

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Are we too poor or too stupid?

Relations between Zimbabwe and Britain have been frosty for over a decade. But Britain has continued to give aid to Zimbabwe, on humanitarian grounds, it claims. The Department for International…

Top stories for July 11-15

Zambia tells Britain sanctions on Zimbabwe are hurting it too – Zambia’s Finance Minister Alexander Chikwanda has told Britain’s Secretary of State for International Development Justine Greening to lift sanctions on Zimbabwe because they are affecting his country’s growth as well. “We are appealing to Britain to help some of our neighbouring countries like Zimbabwe, our economies in this region are inter-linked, when there is a problem there, it spills over to us…..We need to grow our economy and reduce donor dependence,” he told Greening who is visiting Zambia. Britain pushed for sanctions on Zimbabwe through the European Union more than 10 years ago. The EU lifted sanctions on all Zimbabwean individuals and entities this year leaving only President Robert Mugabe and his wife Grace and the Zimbabwe Defence Industries. It promised to review the situation on 1 November and might review bilateral aid. The United States on the other hand regularised its sanctions on Zimbabwe yesterday.

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