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Jagdish Bhagwati

By publishing this article, Finance & Development neither endorses the author’s views nor takes a position on North-South issues in general. We are aware of the widely varying views on these issues. We hope, at a later date, to carry a different viewpoint on this topic. It is important to note, too, that the Fund and Bank have taken no formal or official position regarding the need for Global Negotiations or the most appropriate forum in which they should be held.