September 19, 2007

World Trade Organization Director-General Pascal Lamy in AIM

Pascal Lamy, the Director-General of the World Trade Organization (WTO) was here at the Asian Institute of Management to give a talk/lecture on "The Doha Development Agenda (DDA) and Aid for Trade Efforts to Develop Fairer Rules for Developing Countries." His talk was held at the Stephen Fuller Room and was attended by students from the MBA, MM (Master in Management) and MDM (Master in Development Management) programs. Also in attendance were diplomats, trade negotiators and folks from APEC. (Interestingly, no media)

Some points I remember from Mr. Lamy's talk were about the challenges of the WTO, particularly the ensuring of wider sharing of the benefits of globalization. Another issue is the governance of globalization. The dilemma is since globalization is a worldwide phenomenon, the current governance structure is on a local level, there is a disjoint in what is happening to what should happen.

Mr. Lamy recommended elements to correct this issue. The first is the establishment of common values for the global community, second is the the emergence of actors with legitimacy to take responsibility and accountability, and third is a forum for transparent discussions among WTO members.

The talk was very enriching and could be very helpful in our exam for Economics exam this coming Friday.

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