“Keeping Trade Open: Resisting Isolationism”
Remarks by World Trade Organization (WTO) Director-General Pascal Lamy
It’s good to be back here in Seoul. Good to be back with you at a time when we all need to think hard about how to cope with the crisis, starting with remembering the lessons of the past. External Trade Has Contributed to Korea’s Economic Success Only50 years ago, Korea was among the world’s poorest countries, with a GDP [grossdomestic product] per capita less than that of Senegal and Bolivia. Lackingvast quantities of useful arable land and an abundance of natural resources,the South Korean Government embarked on a program of trade-driven growth as ameans of development and poverty…
