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Fair Trade for All: how trade can promote development

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Joseph E Stiglitz, Andrew Charlton| 
Oxford University Press (December 2005)

How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E Stiglitz and co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. 

Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development. 

  • Joseph E Stiglitz is president of the Initiative for Policy Dialogue, Columbia University
  • Andrew Charlton is a research officer at LSE's Centre for Economic Performance

Click here to order this book from the publisher|

Press cuttings

International Herald Tribune
A case for tailoring - and slowing - free trade in poor nations (31 Mar 06)
Joseph E. Stiglitz, a professor of economics at Columbia, and Andrew Charlton, a research officer at LSE, argue in their book "Fair Trade for All", that a better deal for the poor nations would be to move toward free trade gradually, according to individual circumstances. Also mentioned in the New York Times.

The Age, Australia
Debunk myths and focus on Doha's original goal (14 Jan 06)
Reference to book published Nobel prize-winning economist by Joseph Stiglitz and Andrew Charlton of LSE, titled Fair Trade For All: How trade can promote development.

Business Day, South Africa
Only sacrifice and compromise can prevent a Hong Kong flop (14 Dec 05)
Comments from former World Bank chief economist Joseph Stiglitz and Andrew Charlton of LSE on the liberalisation of European agriculture and the World Trade Organisation talks in Hong Kong. 

Financial Times
The Doha round is missing the point on helping poor countries (13 Dec 05)
Joseph Stiglitz and Andrew Charlton comment on the economic implications of the Doha trade talks on the world's poor countries. Joseph Stiglitz is a Nobel Prize winner in economics in 2001. His new book, Fair Trade for All: How Trade Can Promote Development, co-authored with Andrew Charlton of LSE, is published this month by Oxford University Press.

Daily Telegraph
The way to help ourselves by helping others (12 Dec 05)
Nobel Prize-winner Joseph Stiglitz's new book, Fair Trade for All: how trade can promote development, co-authored with Andrew Charlton of LSE, will be published this month.