Sustaining multilateral trade cooperation in a multipolar world economy
Title: Sustaining multilateral trade cooperation in a multipolar world economy
Author: HOEKMAN, Bernard M.
Series/Number: EUI RSCAS; 2013/86; Global Governance Programme-73; Global Economics
The deadlock in the WTO Doha Round has been accompanied by an increased focus on the negotiation of preferential trade agreements, including so-called ‘mega-regionals’. This paper discusses possible implications for—and possible responses by—excluded countries that have little prospects of participating in most of the mega-regionals. A number of complementary avenues are identified through which such countries might attenuate the potential downsides of preferential trade liberalization among large countries, as well some proposals that would expand the scope to pursue cooperation on regulatory policies in the WTO as opposed to PTAs.
Subject: Multilateral cooperation; Trade agreements; Regional integration; Developing countries; WTO; F13; K32
Type of Access: openAccess