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A U.S. Trade Policy for Development: Helping The Poorest in A Time of Crisis

This blog orginally apeared on Vox on 5/27/09

The economic crisis is hitting the world’s poorest countries through falling trade and commodity prices. This column argues that the US should respond by further opening its market to exports from small, poor economies. That would not only provide an additional stimulus to those economies but also strengthen US global leadership, give a boost to the Doha Round, and serve broader US national interests by helping to promote political stability in some very shaky parts of the world.

“The World’s poorest developing nations have a special place in the Obama trade agenda.”

-US Trade Representative Ron Kirk, Georgetown University, 29 April 2009

While welcome, it is not yet clear how Ambassador Kirk’s words, and the President’s commitment, will be turned into action – and the need for action is urgent.