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THE CONTEST IN CANCUN The Boston Globe, September 17, 2003 The developing countries walked out over a bid by industrial countries to link some farm subsidy reductions to an easing of poor countries' limits on outside investment. The developing world saw through this ploy to make developing nations pay a price for ending unjustified farm policies. THE CONTEST IN CANCUN The Boston Globe, September 17, 2003 THE COLLAPSE of World Trade Organization talks in Cancun, Mexico, Sunday was a setback for the cause of opening borders to the free movement of goods. But the walkout by a group of the largest developing nations could serve a useful purpose if it brings home to rich countries like the United States, Europe, and Japan that they must re-examine protectionist farm policies that are detrimental to so many of the world's poor. THE CONTEST IN CANCUN The Boston Globe, September 17, 2003 The rich nations preach the virtues of free trade to the world, then shower their own farmers with $300 billion in subsidies that undercut the ability of farmers in the developing world to compete. According to a study by the International Food Policy Research Institute, US farm policies alone deprive developing countries of $11 billion annually in lost export income. In the case of European Union policies, the toll is $20 billion.
Approximate Word count = 839
Approximate Pages = 3.4
(250 words per page double spaced)
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