Plurilateral agreements, multilateralism and economic development

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dc.contributor.authorHOEKMAN, Bernard M.
dc.contributor.authorMAVROIDIS, Petros C.
dc.date.accessioned2025-05-29T09:14:45Z
dc.date.available2025-05-29T09:14:45Z
dc.date.issued2025
dc.descriptionPublished online: 03 January 2025
dc.description.abstractPlurilateral agreements among sub-sets of economies have a long history within the multilateral trading system. Plurilaterals may appear superficially less attractive than a set of non-discriminatory multilateral rules that apply to all WTO members but may, both in theory and in practice, be better suited to accommodate diversity across countries in the desire and ability to regulate certain aspects of economic activity. As long as such differences between countries do not lead to discrimination or encroachment on other countries’ rights under WTO rules, it is potentially beneficial for the trading system to permit groups of countries to pursue regulatory cooperation, even if other countries do not wish to follow suit. The alternatives to greater accommodation of plurilateral cooperation in the WTO are more preferential (discriminatory) trade agreements and club-based initiatives outside the WTO. Both options are arguably worse for non-participating developing countries than incorporating open, transparent plurilateral agreements into the WTO. Opponents of plurilateral initiatives operating under WTO auspices run the risk of inducing further erosion of the multilateral trading system.
dc.description.sponsorshipHoekman acknowledges support from the European Research Council, grant no. 101142666-PIANO-ERC-2023-ADG.
dc.format.mimetypeapplication/pdf
dc.identifier.citationThe journal of world investment & trade, 2025, Vol. 26, No. 1-2, pp. 31-53
dc.identifier.doi10.1163/22119000-12340351
dc.identifier.endpage53
dc.identifier.issn1660-7112
dc.identifier.issn2211-9000
dc.identifier.issue1-2
dc.identifier.startpage31
dc.identifier.urihttps://hdl.handle.net/1814/92758
dc.identifier.volume26
dc.language.isoen
dc.orcid.putcode1814/78893:184986840
dc.publisherBrill Nijhoff
dc.relationPlurilateral integration agreements and noneconomic objectives
dc.relation.ispartofThe journal of world investment & trade
dc.relation.ispartofseries[Global Governance Programme]
dc.relation.ispartofseries[Global Economics]
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectDeveloping countries
dc.subjectWTO
dc.subjectPlurilateral agreements
dc.subjectMultilateral trade
dc.titlePlurilateral agreements, multilateralism and economic development
dc.typeArticle
dspace.entity.typePublication
person.identifier.orcid0000-0002-6839-7142
person.identifier.other36413
person.identifier.other26598
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