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Author: Alan Wm. Wolff
Publisher: Cambridge University Press
ISBN: 1009289314
Category : Law
Languages : en
Pages : 589
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Book Description
Considers the history of trade, the current state of the World Trade Organization and how it should be reformed.
Author: Alan Wm. Wolff
Publisher: Cambridge University Press
ISBN: 1009289314
Category : Law
Languages : en
Pages : 589
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Book Description
Considers the history of trade, the current state of the World Trade Organization and how it should be reformed.
Author: Bernard Hoekman
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
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Book Description
Since 2008, G20 leaders have repeatedly committed themselves not to resort to protectionism and to conclude WTO negotiations expeditiously. The jury is out on the extent to which they lived up to the first promise; they failed to deliver the second. Anemic global trade growth rates since 2010 implies that trade has not been a driver of much needed economic dynamism. This paper argues that the G20 should pursue a more ambitious trade agenda and that there is much that greater leadership by the G20 could do to reinvigorate the trading system. A first step would be to commit to concrete actions that can be implemented by individual governments on a concerted basis and that center on reducing trade costs and improving access to services for firms. The Chinese presidency should also seek to have the G20 commit to more effective monitoring and analysis of trade policy broadly defined (including subsidies and investment incentives) and the impact of the many preferential trade agreements involving China, the EU and the US, the world's largest trading powers.
Author: Alan Wm. Wolff
Publisher: Cambridge University Press
ISBN: 1009289306
Category : Law
Languages : en
Pages : 589
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Book Description
In recent years, the world trading system has been confronted by a range of new and developing challenges: the risk of climate change, the instability of the digital economy, the ongoing impacts of COVID-19 and the threat of future pandemics, to name but a few. In this book, veteran trade negotiator, Ambassador Alan Wm. Wolff, draws from his years of experience at the World Trade Organization to consider the history of trade, the current trading system and how it should be reformed in the future. Offering a rare insight into the inner workings of the WTO, Wolff is uniquely placed to identify deficiencies in the current system and suggest actionable solutions. This essential guidebook to the WTO equips readers with the tools and knowledge required to tackle to emerging and emergent challenges of a global trading system.
Author: Robert W. Staiger
Publisher: MIT Press
ISBN: 0262047306
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
When designing a world trading system for the twenty-first century, “Keep calm and carry on” beats “Move fast and break things.” Global trade is in trouble. Climate change, digital trade, offshoring, the rise of emerging markets led by China: Can the World Trade Organization (WTO), built for trade in the twentieth century, meet the challenges of the twenty-first? The answer is yes, Robert Staiger tells us, arguing that adapting the WTO to the changed economic environment would serve the world better than a radical reset. Governed by the WTO, on the principles of the General Agreement on Tariffs and Trade (GATT), global trade rules traditionally focus on “shallow integration”—with an emphasis on reducing tariffs and trade impediments at the border—rather than “deep integration,” or direct negotiations over behind-the-border measures. Staiger charts the economic environment that gave rise to the former approach, explains when and why it worked, and surveys the changing landscape for global trade. In his analysis, the terms-of-trade theory of trade agreements provides a compelling framework for understanding the success of GATT in the twentieth century. And according to this understanding, Staiger concludes, the logic of GATT's design transcends many, if not all, of the current challenges faced by the WTO. With its penetrating view of the evolving global economic environment, A World Trading System for the Twenty-First Century shows us a global trading system in need of reform, and Staiger makes a persuasive case for using the architecture of the GATT/WTO as a basis for that reform.
Author: John Howard Jackson
Publisher: MIT Press
ISBN: 9780262600279
Category : Business & Economics
Languages : en
Pages : 464
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Book Description
Since the first edition of The World Trading System was published in 1989, the Uruguay Round of trade negotiations has been completed, and most governments have ratified and are in the process of implementing the General Agreement on Tariffs and Trade (GATT). In the Uruguay Round, more than 120 nations negotiated for over eight years, to produce a document of some 26,000 pages. This new edition of The World Trading System takes account of these and other developments. Like the first edition, however, its treatment of topical issues is grounded in the fundamental legal, constitutional, institutional, and political realities that mold trade policy. Thus the book continues to serve as an introduction to the study of trade law and policy. Two basic premises of The World Trading System are that economic concerns are central to foreign affairs, and that national economies are growing more interdependent. The author presents the economic principles of international trade policy and then examines how they operate under real- world constraints. In particular, he examines the extremely elaborate system of rules that governs international economic relations. Until now, the bulk of international trade policy has addressed trade in goods; issues inadequately addressed by policy include trade in services, intellectual property rights, certain investment measures, and agriculture. The author highlights the tension between legal rules, designed to create predictability and stability, and the governments need to make exceptions to solve short-term problems. He also looks at weaknesses of international trade policy, especially as it applies to developing countries and economies in transition. He concludes with a look at issues that will shape international trade policy well into the twenty-first century.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498345654
Category : Business & Economics
Languages : en
Pages : 9
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Book Description
Reinvigorating trade integration should be a key component of the global policy agenda to boost growth. Trade policy’s new frontiers such as services, regulatory cooperation, and trade and investment complementarities carry high potential to bolster efficiency and productivity. But with governments differing on whether to continue the WTO Doha Round, there is an urgent need to identify a path for the global trading system in today’s more complex trade policy landscape. A long interregnum without a path forward would risk fragmenting the global trade system and undermining its governance. Tackling trade policy issues important to the global economy may require flexible approaches to multilateral negotiations, including modalities such as plurilaterals. Enhanced coherence efforts are also needed to ensure that regional trade agreements and multilateralism coexist productively.
Author: Kent Jones
Publisher: Oxford University Press
ISBN: 0190086378
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
Around the world, populism has weaponized anxieties over globalization and other forms of cultural, social, and economic change. Many populist leaders have succeeded in conflating trade concerns with apprehensions over immigration, thereby creating potent campaigns to overturn existing trade agreements and the multilateral cooperation they embody. In the United States, avowed protectionist Donald Trump set out not only to raise tariffs, but to dismantle the system of global trade embodied in the World Trade Organization. In the UK, the Brexit referendum resulted in that country's withdrawal from the European Union, ending its commitment to trade integration with the continent. Populism and Trade explores the impact of populist regimes on protectionism and the damage they have inflicted on global trade and trade policy institutions. Focusing on the disruption caused by the Trump administration and the Brexit referendum, the book traces the influence of populism on trade policy today. Kent Jones shows how these methods will continue to damage global cooperation--something that is essential when faced with international crises like a deadly pandemic--until the sources of populist anger can be addressed. He argues that economic and institutional reforms, along with better education and adjustment policies, will be necessary to break the populist fever. In an age of global populism, open trade policy has become a victim of anti-globalization and economic nationalism. Populism and Trade traces the impact of these divisive political tactics to explain the fragile nature of global trade institutions and the steps needed to save them.
Author: Grant Douglas Aldonas
Publisher: CSIS
ISBN: 0892065869
Category : Economic development
Languages : en
Pages : 106
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Book Description
With the global economy slowing, global trade negotiations currently not making sufficient progress, and the emergence of a risk of increased protectionism, the need to demonstrate the importance of trade and the positive contribution it can make to positive economic growth and global welfare has never been more pressing. Given the fundamental changes under way in the global economy, however, progress on trade will require a strategy that looks beyond the Doha Round -- one that rethinks the ends and means of trade policy in a more globalized world economy. This conference had three main objectives: 1. assessing what changes in the structure of international trade and development mean for the conduct of trade policy in globally integrated markets 2.) exploring how trade policy and the trading system can best contribute to addressing the broader challenges the global community confronts, specifically to a reduction in global poverty and a response to global warming and 3.) determining the appropriate role for the WTO and the trade regime in the light of the growing debate over reforming the international economic architecture.
Author: Jagdish N. Bhagwati
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 170
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Book Description
In this sequel to his work "Protectionism", Professor Bhagwati provides an analysis of the perils and promise facing the post-war global trading system. Embodied in the General Agreement on Tariffs and Trade (GATT), this system is currently in turbulence, buffeted by powerful centrifugal forces.
Author: Sumner La Croix
Publisher: Routledge
ISBN: 1134086482
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
International trade continues to expand robustly in East Asia and elsewhere, but global trade negotiations have collapsed and globalization is widely criticized. In this book, the participants of the thirtieth Pacific Trade and Development Conference—including the then-Director General of the World Trade Organization, and leading government officials, academics and executives from a dozen major Pacific Rim economies—debate whether global negotiations have ended once and for all, or are suffering temporarily from ‘globalization fatigue;’ whether East Asia’s new regional partnerships will advance or undermine the global trading system; and whether the region’s trade tensions with the United States will intensify or subside. They provide new empirical evidence on how trade affects the distribution of income, the location of pollution-intensive industries, the causes of ‘outsourcing,’ the structure of the intellectual property regime, and international security. And they probe the implications of adjustment to globalization: how can countries reap the benefits of trade while controlling the risks faced by the poor and, perhaps more importantly, the politically strong? Challenges to the Global Trading System is an invaluable resource for students and scholars of Asia-Pacific studies, international relations and development studies, as well as those with a more general interest in Asian studies.
