World Perspectives

Brazil Disses G20; Narrow Trade Benefits

Brazil Disses G20 Some developing countries came out last week for more generous WTO terms, including expanded special and differential treatment and other forms of so-called policy space to avoid market-based policies. Sounding like an echo of the Trump Administration, the U.S. - leaning Bolsonaro government said that big emerging countries do not need special and differential treatment. The fracture from within the G20 shows that the U.S. challenge to self-designation of developing country status and the exemptions to free trade requirements attendant with that status has struck a nerve. Heretofore, all countries large and small defended self-designation but eventually there will be a realization of its inequity to the smaller economies...

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