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July 2012

Facilitating Trade, Facilitating Development

Otaviano Canuto's picture

In 2001, trade representatives from around the world first arrived in Doha, the capital of tiny Qatar, for the latest round of World Trade Organization (WTO) negotiations. The goal was ambitious: work to reduce trade barriers, while ensuring that developing countries secure their fair share of global trade growth.

Is Europe as Unequal as the U.S.?

Otaviano Canuto's picture

Europe is the land of generous social programs with not as much inequality as in the U.S., right? It is fair to say that low interpersonal inequality in general remains fundamental for most Europeans, while part of the American dream is to pursue social mobility based on entrepreneurship and equality of opportunities rather than income. Nevertheless, if the European Union (EU) is taken as a single country, economic data show that the EU and the U.S. have similar levels of inequality.