Kanishka Jayasuriya

THE overriding lesson of Seattle is that the emerging global economy needs a different kind of World Trade Organization - an organization that responds to the fact that we have moved from an international to a global economy, argues Kanishka Jayasuriya. The Seattle Summit of the World Trade Organization (WTO) will be seen as a landmark event in the continuing transformation of the global economy. Though not for the much-touted reason that it signals a reversal in the kind of structural forces that have been shaping the global economy. This is simply untenable. The underlying technological, social and political factors driving the global economy are so deeply entrenched that there can be no simple return to a bygone era. …