International trade rules “rigged in favour of the rich,” Oxfam saysBMJ 2002; 324 doi: https://doi.org/10.1136/bmj.324.7343.937/b (Published 20 April 2002) Cite this as: BMJ 2002;324:937
- Alex Vass
International trade rules amount to institutional fraud and are preventing development in poor countries, says a report published this week by a leading charity.
Whereas trade has been the been one of the most powerful driving forces in increasing prosperity for much of the world, millions of the world's poor are being left behind, and there is a widening of inequalities between the rich and poor.
International trade rules, says the Oxfam report, are “rigged in favour of the rich.” When developing countries export to rich country markets, they face tariff barriers that are four times higher then those faced by rich countries. These barriers cost them $100bn (£70bn; €113bn) a year, …