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Inefficient markets

The outlook for the Doha round may not be as bad as it looks; why a dreary North sea gas pipeline is at the centre of things; and Gordon's productivity problem

By P L   May 2006

It’s up to Lamy

Prospects for the Doha round look grim. Over five years in, and the World Trade Organisation’s 149 members still seem as far apart as they were during the 2003 Cancún debacle. Only the massaging down of expectations by WTO boss Pascal Lamy ahead of the Hong Kong summit last December rescued it from disaster. Now another deadline looms: 30th April, by when an outline deal must be reached if a final agreement is to be struck by the end of the year, ahead of the expiry of Bush’s fast-track authority in 2007.

But while progress has…

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