Future of the global trade order
Title: Future of the global trade order
Citation: Florence : European University Institute, 2016
Series/Number: Global Governance Programme; IMD; Global Economics
The inability of WTO Members to conclude the Doha Round has led many to question the effectiveness of one of the major pillars of global governance and the commitment of governments to multilateralism. As argued in the contributions to this volume, the performance of the international trade order is in fact much better than it is perceived to be. The WTO has enhanced the rule of law in commercial policy, as exemplified by its effective and unique dispute settlement mechanism. The trade order has also proven capable of accommodating large new trading nations, most notably China. Major shifts in economic power balances since the creation of the WTO in 1995 lie at the heart of the failure of the Doha Round and the turn by countries towards preferential trade agreements. These increasingly address areas of policy that are not covered, or are covered only tangentially, by the WTO, and raise important questions regarding the future of the world trade order. The contributors to this book make a strong case that it is past time that WTO Members move away from a business as usual approach, but also demonstrate that there are strong incentives for multilateral cooperation on both longstanding policy concerns – such as agricultural support policies – and new challenges associated with the global governance of the digital economy.
Table of Contents:
-- Foreword, Brigid Laffan -- 1 Future of the Global Trade Order, Carlos A. Primo Braga and Bernard Hoekman -- 2 A New Architecture for the WTO?, Miguel Rodríguez Mendoza -- 3 Why Engage in Trade Negotiations and the Relevance of the WTO, Alejandro Jara -- 4 The Future of the WTO Dispute Settlement System: Consolidating a Success Story, Giorgio Sacerdoti -- 5 “Behind-the-Border” Policies: Regulatory Cooperation and Trade Agreements, Bernard Hoekman -- 6 The WTO’s Next Work Program – as if the Crisis Really Mattered, Simon J. Evenett and Johannes Fritz -- 7 Regional Trade Agreements and the WTO, Clemens Boonekamp -- 8 What Is the “Networked Economy”?, Nick Ashton-Hart
The original idea for this book came from debates about the future of the WTO in which the editors have been engaged over the last few years. The book was designed also to serve as a reference text for the International Trading System program offered by IMD, which involves several of the authors that contributed chapters for this publication.
Type of Access: openAccess
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