1:12:03
It's gonna have a huge effect
on international business
1:12:06
and particularly for us
as an organization, I feel.
1:12:09
The hardest thing, I find,
will be the balance that, let's say,
1:12:13
the U.S., E.U., and Japan...
1:12:15
in terms of being major components
of the world economy...
1:12:19
the effect-will they really change
in terms of this new organization,
1:12:23
and will there actually
be genuine change
1:12:25
and perhaps a benefit
to the world's poorest countries?
1:12:28
I must admit I'm a cynic
with regards to that occurring.
1:12:31
Liberalization-
the process of liberalization
1:12:35
often enables
the knowledge of the poor
1:12:37
to be converted into the property
of global corporations.
1:12:40
Specific statistics are rather shocking.
1:12:44
Out of 26,000 patents
applied for in Africa in 2000 and 2001,
1:12:52
only 31 were from residents of Africa.
1:12:56
The rest were from residents
of first world countries.
1:12:59
31 out of 26,000 patent applications.
1:13:03
It wasn't what I was expecting.
1:13:04
I was expecting something
on agribusiness
1:13:06
and what
the World Trade Organization does.
1:13:09
But I'd have to say
I believe it's fairly positive
1:13:12
because I think that,
as the gentleman said,
1:13:16
the strong are getting stronger,
and the weak are getting weaker.
1:13:19
And you can't let that keep on going.
1:13:21
Even we notice it here in Australia
1:13:23
with some of the trade arrangements
that are made.
1:13:26
If you're powerful,
you can get whatever you like,
1:13:29
and if you're not, you can't.
1:13:30
The world, with the population we've got,
can't keep going that way.
1:13:34
So I think it was fairly positive,
1:13:35
and I think it's a very brave decision
by an organization
1:13:38
to admit that they've been going down
the wrong track and dissolve themselves
1:13:41
and start to look for something different.
And I think it's fantastic.
1:13:45
Disparity is growing
between rich and poor.
1:13:47
The richest fifth have 80%
of the world's income,
1:13:50
and the poorest fifth have 1 %.
1:13:52
This gap-we all know this figure,
1:13:54
but we don't always remember that
this gap has actually doubled since 1960.