Law and global economy

“World trade has the potential to act as a powerful motor for the reduction of poverty, as well as for economic growth, but that potential is being lost. The problem is not that international trade is inherently opposed to the needs and interests of the poor, but that the rules that govern it are rigged in favour of the rich.” (Oxfam Report: Rigged Rules and Double Standards: Trade, globalisation and the fight against poverty, 2002). Discuss critically.

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