The Most Fundamental Problems Afflicting the Multilateral Trade Regime and How They Might be Resolved

Georgia Giannakarou

Abstract


In this essay, I deal with the most fundamental problems and challenges afflicting the multilateral regime currently. Discussing whether, and to what extent, the WTO crisis is self-inflicted, or totally external, or, better, a mixed one, I argue that there are three main types of WTO problems, (a) existential, (b) procedural or functional and (c) external or trade-related ones, and shedding light onto previous recommendations and sometimes building on them, I come up with some suggestions as possible solutions to these problems.


Keywords


multilateral trade regime, current challenges, existential problems, procedural or functional problems, external or trade-related problems

References


Agreement establishing the WTO, or WTO Agreement

Balaam, David N., Veseth, Michael (2008), Introduction to International Political Economy, 4th edition, New Jersey: Pearson Education International.

Baldwin, Robert (2006a), “Failure of the WTO Ministerial Conference at Cancun: Reasons and Remedies”, The World Economy, 29 (6), May, 677-696.

Baldwin, Robert (2006b), “Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade”, The World Economy, 1451-1518.

Barton, John, Goldstein, Judith Josling, Timothy and Steinberg, Richard (2006), The Evolution of the Trade Regime: Politics, Law, and Economics of the GATT and the WTO, Princeton: Princeton University Press.

Bhagwati, Jagdish (2004), In Defense of Globalization, Oxford: Oxford University Press.

Clapp, Jennifer (2007), “Developing and the WTO Agriculture Negotiations”, CIGI Working paper, No. 6, March 2006,

Dahl, Robert A. (1999), “Can international organizations be democratic?” in Ian Shapiro and Casiano Hacker-Cordón (eds.), Democracy’s Edges, Cambridge: Cambridge University Press, 19-36.

Das, K. Dilip (2003), “Trade and Global Integration”, CSGR Working Paper No. 120/03, June, Coventry: CSGR, University of Warwick.

Evans and Newnham (1998), The Penguin Dictionary of International Relations, London: Penguin.

Hoekman, Bernard and Kostecki, Michel (2009/10), The Political Economy of the World Trading System: the WTO and Beyond, Oxford: OUP (3rd edition).

Human Security Report 2009/2010: The Causes of Peace and the Shrinking Costs of War, published by the Human Security Report Project (HSRP)

Narlikar, Amrita (2005), The World Trade Organization: A Very Short Introduction, Oxford: Oxford University Press.

Narlikar, Amrita (2006), “Fairness in International Trade Negotiations: Developing countries in the GATT & WTO”, The World Economy, 29 (8), August, 1005-1029.

Narlikar, Amrita (2010), “New Powers in the Club: The Challenges of Global Trade Governance”, International Affairs, 86: 3, May, 717-728.

Narlikar, Amrita and Odell, S. John (2006), “The strict distributive strategy for a bargaining coalition: the Like Minded Group in the World Trade Organization” in Odell, John (ed.), Negotiating Trade: Developing Countries in the WTO and NAFTA, Cambridge: CUP, 115-144.

Panitchpakdi, Supachai (2006), “The WTO at ten: Building on ten years of achievements” in Sacerdoti, Giorgio, Yanovich, Alan and Bohanes, Jan (eds.), The WTO at ten: The Contribution of the Dispute Settlement System, New York and Cambridge: CUP, 7-12.

Ravenhill, John (2008), Τhe Study of Global Political Economy, 2nd edition, Oxford & N.Y.: OUP

Schmitter, Philippe C. and Karl, Terry Lynn (1991), “What Democracy Is…and Is Not”, Journal of Democracy, Volume 2, Number 3, Summer, 75-88.

Srinivasan, T.N. (2002), “Globalization: Is it Good or Bad?”, Economic Policy Brief, December 23, Stanford, CA: Stanford Institute for Economic Policy Research.

Warwick Commission Report OR Warwick Report (2006), The Multilateral Trade Regime: Which way forward?

Watson, Matthew (2011), “Global trade and finance”, in John Baylis, Steve Smith & Patricia Owens (eds.), The Globalization of World Politics. An Introduction to International Relations, Oxford-New York: Oxford University Press, 5th edition, 444-457.

WTO MINISTERIAL CONFERENCE, Fourth Session, Doha, 9-14 November 2001, WT/MIN(01)DEC/1, 20 November 2001.

WORLD TRADE ORGANIZATION (2012), WTO Public Forum 2011 Seeking answers to global trade challenges, Geneva: WTO www.wto.org/english/res_e/booksp_e/public_forum11_e.pdf


Full Text: PDF

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

The IEECA Press

ISSN 2328-8272 (print)   ISSN 2328-8280 (online)