India will pursue trade liberalization at its own pace.
The viability of President Mohammad Khatami's reform efforts depends on his ability to simultaneously pursue economic liberalization and political institutional reform.
The global financial crisis may have originated in advanced economies, not in emerging markets, but Asia should not be deterred from pursuing financial liberalization.
World trade ministers are scheduled to gather in Doha, Qatar, in early November for the first attempt to pursue comprehensive trade liberalization since negotiations collapsed in Seattle in 1999.
One of the reasons for this divergent performance was the political determination of Estonia to pursue fast economic liberalization and create attractive conditions for foreign investors.
In terms of the analytic narrative of this section, the two periods of large increases in inequality in Argentina (besides the large macro crises), episodes 1 and 4, coincide with an explicit pursue of trade liberalization.
First, the repeated failure of new trade talks at the World Trade Organization WTOO) has forced countries seeking greater trade liberalization to pursue it through other bilateral or regional multilateral negotiations.
Moreover, Congress would be considering that it had been returned to power mainly for having stressed a fairer sharing of wealth; in 1996, by contrast, it was kicked out of office after pursuing a bold liberalization agenda.
"You're pursuing trade and liberalization agreements at the E.U. level, and then leaving to the individual member countries how to deal with the damage," said Andrew Lang, a law professor at the London School of Economics.
Critics of the policy of economic liberalization pursued during the Menem Presidency argued that Argentina's economic woes were caused by neoliberalism, which had been actively promoted by the U.S. government and the IMF under the Washington Consensus.
