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boost exports and tap international markets. Where this point comes in connection with the discussions of the Doha Rounds is that developing countries need to make some fundamental changes within which will strengthen their position globally and which will reduce their dependence on the complacent, overriding developed world (Matthias, 2003).

Among these fundamental changes is a motivated and directed approach towards revamping many local institutions particularly these associated with the education and training of the population. Other policies include providing tax and credit incentives, supporting private investment, promoting export and allowing easy access to raw materials and capital goods, and building supportive pubic and government institutions. The nationalization of banks in Korea for example, paved the way for the allocation of resources for viable investments in the country. The government also undertook bearing investment risks for new projects thereby encouraging the private sector to take up new and innovative development projects. Beyond this, the local government can play a major role in enhancing private sector investment by ensuring the quick and easy availability of raw materials (Polaski, 2006).

Learning from the Article

Korea and Taiwan made great advancements based on the success of these policies such as export incentives and a much protected economy. These policies are no longer allowed under WTO regulations. Maybe there needs to be a revision of regulations instead of initiating negotiations which end in deadlocks and do not achieve anything positive.

Rodik assesses several unorthodox ways in which economies were able to succeed in ushering in a new era of economic prosperity into their countries. One example cited is that of China which undertook a strategy involving participation by both the state and the market. They allowed farmers the freedom to sell their products in the open market after they had come up to the quota requirements established by the state. Further, they developed zones and improved market access for the farmers. This method helped in rooting out much inefficiency along the way and was advantageous to individual farmers and to the economy as a whole. Once again, it seems that instead on depending on WTO and the developed world to make concessions for them, it would be better for economies to take things into their own hands and tailor policies specific to their interests and domestic standards (Polaski, 2006).

Even in the case of Mauritius where they maintained a rather closed economy and combined it with Export Processing Zones which gave a boost to the export of locally produced garments in the European market and ushering in investment at home. It is surprising though; that Mauritius combined a very well protected economy while at the same time was able to tap international markets. It succeeded due to a very supportive political structure, which allowed independent representation and participation at all levels. As Rodik points out, the major movers and players in the world economy are highly disinterested in what happens to the poor underdeveloped countries, there is a clear disparity of values. This is what eventually caused the Doha Development Fund to meet with such failure. Attention by developing countries should therefore be turned towards the examples of many economies that have been able