The American Interest
Analysis by Walter Russell Mead & Staff
Top Obama Aide Rebukes Bush Generosity to Developing World

They told Glenn Reynolds that if he voted for John McCain the US would take harsh stands against the developing world, and they were right!

A “senior administration official” has told the Washington Post that the Bush administration made such generous concessions to developing countries that the Obama administration can’t make progress on the Doha Round of global trade talks. The official was responding to criticism from ex-Bush US Trade Representative and current World Bank President Robert Zoellick about what he calls the Obama administration’s lack of vision.

The Mead take: the Doha Round had more assassins than Julius Caesar, but the biggest villain is the law of diminishing returns.  Past trade rounds allowed the most powerful industries in various countries to get the deals they wanted most; what’s left are the less attractive deals — and the more unappealing concessions.

Published on July 18, 2011 6:05 am