Should The WTO Be Abolished?
نویسندگان
چکیده
Why? Because though the US, back in 1948, blocked the formation of an International Trade Organisation (ITO), believing that, at that time, the interests of its corporations would not be served by such a global body, it had changed its mind by the 1990s. Now it wanted an international trade body. Why? Because its global economic dominance was threatened. The flexible GATT (General Agreement on Tariffs and Trade) system, which preceded the WTO, had allowed the emergence of Europe and East Asia as competing industrial centres that threatened US dominance even in many high-tech industries. Under GATT’s system of global agricultural trade, Europe had emerged as a formidable agricultural power even as Third World governments concerned with preserving their agriculture and rural societies limited the penetration of their markets by US agricultural products.
منابع مشابه
Special and Differential Treatment for Developing Countries Towards a New Approach in the WTO*
* The views expressed in this paper are personal and should not be attributed to any of the institutions with which the authors are affiliated. Summary This paper discusses options that could be considered in the WTO to provide more favorable—so-called special and differential treatment (SDT)—to small and low-income countries. We argue that SDT should be limited to countries that most need it a...
متن کاملPrivate vs . Public Regulation : The Political Economy of International Environmental Protection ∗
WTO standard-setting and NGO labelling are promoted as alternative approaches to international environmental protection. This has been particularly true in the context of transboundary problems such as biodiversity protection. We develop a model with realistic features and to compare the two approaches, and observe the potential inter-play between them. In a world in which the WTO is subject to...
متن کاملHow the WTO Could Be Improved
AbstractThis paper examines the impasse in the current Doha Development Round negotiations andasks how the rules of the WTO could be changed to facilitate multilateral negotiations andto increase the welfare of the Member countries. It considers possible changes to the methodof negotiation. As examples of rules which are outdated, it considers the rules relating toregional trade agreements and ...
متن کاملDeveloping Countries and a New Round of WTO Negotiations*
This article summarizes some of the results and findings emerging from an ongoing World Bank research and capacity-building project that focuses on the World Trade Organization (WTO) negotiating agenda from a developing country perspective. Recent research suggests that the potential gains from further multilateral liberalization of trade remain very large. The payoffs associated with attempts ...
متن کاملInternationalisation of Economic Policy Research Paper 2004 / 28 The WTO Dispute Settlement Mechanism : Battlefield or Cooperation ?
EU-US trade disputes have recently caught much attention, because they have involved lasting non-compliance coupled with WTO-authorized retaliation. A recent paper by Breuss (2004) shows that the outcome in most cases has probably involved economic damage on both sides. Does this testify to a general weakness, or even failure, of the WTO Dispute Settlement Mechanism? This paper develops a theor...
متن کامل