Stakes were high as the world's trade negotiators gathered in Hong Kong last week.
Free trade could help 500 million people escape poverty and inject $200 billion annually into the economies of developing countries, according to CGD/IIE trade expert William R. Cline. With the risk of a failed Doha Round of talks hanging over their heads, rich country representatives sought an agreement on opening markets. Generous agriculture protection has been a sticking point, with the US, EU, and Japan unable to strike a deal.
Four new CGD publications help make sense of it all: