Trade: When Poor Meets Rich

There is an old Middle Eastern story about the beggar who boasts in the bazaar that he is going to marry the sultan's daughter. "I've decided to do it, and I have my parents' consent," said he. "All I have to do now is get her agreement—and the sultan's."

That tale was wagged around the corridors of Geneva's Palais des Nations last week, as the first great confrontation of the world's rich and poor nations reached its final hours. For three months at the U.N. Conference on Trade and Development, 75 underdeveloped nations squared...

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