Pascal Lamy, director-general of the World Trade Organization, is a disappointed man, yet one still set on snatching whatever victory he can from the jaws of defeat. Nearly seven year of trying to coral 153 nations into agreeing on cutting trade-distorting tariffs under the rubric known as the Doha Round, have come to naught with Tuesday’s collapse of the talks (See “After Doha”).

– Forbes.com >