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	<title>the GEG blog &#187; Roberto Bouzas</title>
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	<description>from the Global Economic Governance Programme at the University of Oxford</description>
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		<title>Global Trade Governance and the G20: The Need for US Leadership</title>
		<link>http://www.globaleconomicgovernance.org/blog/2009/03/global-trade-governance-and-the-g20-the-need-for-us-leadership/</link>
		<comments>http://www.globaleconomicgovernance.org/blog/2009/03/global-trade-governance-and-the-g20-the-need-for-us-leadership/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 09:46:51 +0000</pubDate>
		<dc:creator>Roberto Bouzas</dc:creator>
				<category><![CDATA[G20]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[wto]]></category>
		<category><![CDATA[developing countries]]></category>
		<category><![CDATA[sustainable development]]></category>

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		<description><![CDATA[Roberto Bouzas

The challenges faced by developing countries and sustainable development regarding global economic governance are not substantially different from those faced by the developed world. In fact, both groups of countries share common challenges.

The first and most urgent challenge is to revive the multilateral trade regime. In the last half century, trade has been the policy area in which the international community has made the most strident progress towards cooperation. In the last decade, however, the effectiveness of the international trade regime has eroded under the weight of a changing international and domestic landscape (a new balance of power, an expanded membership, the emergence of new constituencies, and the development of uncharted regulatory areas). These structural transformations were underway well in advance of the financial crisis, but a creeping recession and mounting protectionist pressures have sharply deepened existing tensions.]]></description>
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