Archive for March, 2008

Bothering to actually read Hayek

March 29, 2008

It took me years to get there…. I just finished Friedrich von Hayek’s famous “The Constitution of Liberty” (1960). I decided I would publicly admit my shame at doing the job I am doing and not having come round to read this book directly, and not simply about it in secondary sources. But I decided that I am certainly not the only one (am I wrong, dear reader?), and it is always good to share information and ideas. So here a quick, short, spontaneous review, appropriately saved under the the “Always late in my readings” category in this blog…. Read the rest of this entry »

Is the negotiating agenda of the Doha Round too narrow?

March 27, 2008

The Doha patient is still in a coma. Surgical intervention is not in sight yet. But the complementary psychoanalysis at least has started….

With the risk of being accused of promoting only one institution’s reasearch, may I just draw the reader’s attention to a brand new paper by Peter Kleen, Senior Fellow for ECIPE and former head of the Swedish National Board of Trade. In the last months he has been comparing the Uruguay Round with the Doha Round, and trying to extract what their main differences and similarities are, in order to help find out what it is that blocs Doha. The results are summarized in his “So Alike and Yet So Different: A Comparison Between the Uruguay Round and the Doha Round.” The paper reveals many things - developing country coalitions have become more fluid and defensive, business support is not strong because of continued de facto globalization, FTAs and global growth, NGOs play a bigger role. But the Doha Round itself is a not as bold and innovative as the Uruguay Round, which created a new institution and brought in agriculture, services and TRIPs. I very much liked this idea:

“The Uruguay Round introduced into the world trading rules comprehensive frameworks in trade in services and intellectual property. In the Doha Round, however, the only truly new issues [.i.e. three "Singapore issues" - investment, competition, transparency in government procurement"] were eventually dropped.

By scaling down the Doha agenda, the focus on the market access issues in the goods area has increased. A success depends on breaking the “iron triangle”—getting the European Union (EU) to move on agricultural tariffs, the United States (US) on domestic agricultural support and the major developing countries on industrial tariffs. The complicating factors are that further reductions of support and tariffs are politically highly sensitive for many developed and developing countries and there are extremely limited possible trade-offs with concessions in other negotiating areas. Hence the present stalemate.”

Easter break

March 18, 2008

Regular readers might have noticed a fall in output in this blog recently. A high work load [and a social life that has been more eventful than usual...] has kept me away from the blogosphere. Now I am off for a little break and hope to be back soon with some fresh ideas. Happy Easter!

Grounds to be optimistic

March 12, 2008

There are many grounds to be pessimistic: Inflation and rising food and commodity prices, financial crunches, “Losing Russia”, post-cold war diplomatic farces in South America, the Darfur conflict, etc. etc. (Oh, I forgot Nicolas Sarkozy - I better not think of him…). Worse, antidepressants are not as effective as one would think, we socialise less, and no longer have time for children.

Well, not being a consumer of anti-depressants, I can’t possibly live with this gloom. So I looked for grounds to be optimistic to keep me going. I found some:

- Russia will probably not be as nasty as everybody fears - business will prevail.

- Increased trade rather helps improve air quality in China

- Politically, and in matters of immigration, Spaniards, for European standards, really rock. France is probably even finally discovering the market economy…