Governing the World Trade Organization

Past, Present and Beyond Doha

Author: Thomas Cottier,Manfred Elsig

Publisher: Cambridge University Press

ISBN: 1139501267

Category: Law

Page: N.A

View: 8905

Like many other international organizations, the World Trade Organization stands at a crossroads. There is an obvious imbalance between the organization's dispute settlement arm and its negotiation platform. While its current rules, supported by a strong dispute settlement system, have provided some buffering against the negative effects of the financial crises, its negotiation machinery has not produced any substantial outcomes since the late 1990s. It has become obvious that the old way of doing business does not work any more and fresh ideas about governing the organization are needed. Based on rigorous scholarship, this volume of essays offers critical readings on the functioning of the system and provides policy-relevant ideas that go beyond incremental redesign but avoid the trap of romantic scenarios.
Posted in Law

Public Participation and Legitimacy in the WTO

Author: Yves Bonzon

Publisher: Cambridge University Press

ISBN: 1316061825

Category: Law

Page: N.A

View: 6453

The legitimacy of the WTO's decision-making process has always been questioned, and many have advocated public participation mechanisms as a remedy. Yves Bonzon considers the limits and potential of these mechanisms by advancing a conceptual framework which distinguishes the four 'implementation parameters' of public participation: the goal, the object, the modalities, and the actors. He addresses the issue of legitimacy by considering to what extent, and by virtue of which legal developments, one can see implementing the democratic principle as a goal for public participation in the context of the WTO. By analysing the institutional structure of the WTO and its different types of decisions, he then outlines how this goal should influence the object and modalities of public participation, which decision-making procedures should be opened to public participation, and how the mechanisms should be implemented in practice. Finally, he suggests specific amendments to existing WTO arrangements on public participation.
Posted in Law

The Reform of International Economic Governance

Author: Antonio Segura Serrano

Publisher: Routledge

ISBN: 1317018125

Category: Law

Page: 268

View: 6081

The second half of the twentieth century saw the emergence of international economic law as a major force in the international legal system. This force has been severely tested by the economic crisis of 2008. Unable to prevent the crisis, the existing legal mechanisms have struggled to react against its direst consequences. This book brings together leading experts to analyse the main causes of the crisis and the role that international economic law has played in trying to prevent it, on the one hand, and worsening it, on the other. The work highlights the reaction and examines the tools that have been created by the international legal field to implement international cooperation in an effort to help put an end to the crisis and avoid similar events in the future. The volume brings together eminent legal academics and economists to examine key issues from the perspectives of trade law, financial law, and investment law with the collective aim of reform of international economic governance.
Posted in Law

Reconstructing the World Trade Organization for the 21st Century

An Institutional Approach

Author: Kent Jones

Publisher: Oxford University Press

ISBN: 0199366063

Category: Business & Economics

Page: 288

View: 4245

The institutional shortcomings of the World Trade Organization (WTO) became apparent during the Doha Round of Trade negotiations that began in 2001 and which aimed to improve the success of developing countries' trading by lowering trade barriers and adjusting other trade rules. This "development agenda" meant different things to rich and poor countries. In addition, many of the circumstances that supported success in General Agreement on Tariffs and Trade (GATT) negotiations of 1947 were no longer present after the WTO was founded in 1995. In Reconstructing the World Trade Organization for the 21st Century, Kent Jones examines the difficulties of the WTO in completing multilateral trade negotiations and possible ways to restore its ability to do so. The problem lies in the institutional structure it inherited from the GATT, which was designed for a more limited scope of trade negotiations among a relatively small number of wealthier, industrialized countries. Jones presents an institutional model of the GATT/WTO system, which describes why such an organization exists and how it is supposed to accomplish its goals. Institutional reforms will be necessary to restore the WTO's ability to complete global trade agreements, including a more flexible application of the consensus rule, a common understanding among all members about the limits of domestic policy space that is subject to negotiation, and clearer rules on reciprocity obligations. The popularity of bilateral and regional trade agreements, which have emerged as the alternative to WTO agreements, presents a threat to the WTO's relevance in trade negotiations, but also an opportunity to "multilateralize" new and deeper trade integration in future WTO agreements. Aid for trade may also play an instrumental role in bringing more developing countries into WTO disciplines. Above all, WTO members must develop new ways to find common ground in order to negotiate for mutual gains from trade.
Posted in Business & Economics

Governing the World Trade Organization

Past, Present and Beyond Doha

Author: Thomas Cottier,Manfred Elsig

Publisher: Cambridge University Press

ISBN: 9781107417038

Category: Law

Page: 368

View: 5690

Like many other international organizations, the World Trade Organization stands at a crossroads. There is an obvious imbalance between the organization's dispute settlement arm and its negotiation platform. While its current rules, supported by a strong dispute settlement system, have provided some buffering against the negative effects of the financial crises, its negotiation machinery has not produced any substantial outcomes since the late 1990s. It has become obvious that the old way of doing business does not work any more and fresh ideas about governing the organization are needed. Based on rigorous scholarship, this volume of essays offers critical readings on the functioning of the system and provides policy-relevant ideas that go beyond incremental redesign but avoid the trap of romantic scenarios.
Posted in Law

Assessing the World Trade Organization

Fit for Purpose?

Author: Manfred Elsig,Bernard Hoekman,Joost Pauwelyn

Publisher: Cambridge University Press

ISBN: 1108148409

Category: Law

Page: N.A

View: 8523

The World Trade Organization (WTO) recently celebrated twenty years of existence. The general wisdom is that its dispute settlement institutions work well and its negotiation machinery goes through a phase of prolonged crises. Assessing the World Trade Organization overcomes this myopic view and takes stock of the WTO's achievements whilst going beyond existing disciplinary narratives. With chapters written by scholars who have closely observed the development of the WTO in recent years, this book presents the state of the art in thinking about WTO performance. It also considers important issues such as the origins of the multilateral system, the accession process and the WTO's interaction with other international organisations. The contributions shed new light on untold stories, critically review and present existing scholarship, and sketch new research avenues for a future generation of trade scholars. This book will appeal to a wide audience that aims to better understand the drivers and obstacles of WTO performance.
Posted in Law

The History and Future of the World Trade Organization

Author: Craig VanGrasstek

Publisher: N.A

ISBN: N.A

Category: Business & Economics

Page: 646

View: 6512

This comprehensive account of the establishment of the WTO focuses on those who shaped its creation as well as those who have influenced its evolution. It also examines trade negotiations, the WTO's dispute settlement role, the process of joining, and what lies ahead for the organization.
Posted in Business & Economics

World Trade Report 2013

Factors Shaping the Future of World Trade

Author: World Trade Organization,World Trade Organization Wto

Publisher: N.A

ISBN: 9789287038593

Category: Political Science

Page: 336

View: 3669

The world is changing with extraordinary rapidity, driven by many influences, including shifts in production and consumption patterns, continuing technological innovation, new ways of doing business and, of course, policy. The World Trade Report 2013 focuses on how trade is both a cause and an effect of change and looks into the factors shaping the future of world trade. One of the most significant drivers of change is technology. Not only have revolutions in transport and communications transformed our world but new developments, such as 3D printing, and the continuing spread of information technology will continue to do so. Trade and foreign direct investment, together with a greater geographical spread of income growth and opportunity, will integrate a growing number of countries into more extensive international exchange. Higher incomes and larger populations will put new strains on both renewable and non-renewable resources, calling for careful resource management. Environmental issues will also call for increasing attention. Economic and political institutions along with the interplay of cultural customs among countries all help to shape international cooperation, including in the trade field. The future of trade will also be affected by the extent to which politics and policies successfully address issues of growing social concern, such as the availability of jobs and persistent income inequality. These and other factors are all examined in the World Trade Report 2013.
Posted in Political Science

Peace and Prosperity through World Trade

Achieving the 2019 Vision

Author: Jean-Pierre Lehmann,Fabrice Lehmann

Publisher: Cambridge University Press

ISBN: 1139493701

Category: Business & Economics

Page: N.A

View: 7010

The International Chamber of Commerce (ICC) was created in 1919 by business leaders who described themselves as 'merchants of peace' and whose motto was 'world peace through world trade'. Since then a number of initiatives, including the founding of the WTO in 1995, have provided the proper regulatory conditions for a dramatic increase in world trade. This has generated unprecedented growth and allowed many countries to enjoy great gains in wealth and welfare. Yet despite these gains we are still far from achieving the ICC's goal of world peace through world trade. This 2010 book provides a broad overview of the forces that shape international trade and global interdependence, showing business leaders and entrepreneurs how we can address the shortcomings of the multilateral trading system. Most importantly, it shows how we can turn international trade into one of the key global instruments to achieve peace and prosperity in the twenty-first century.
Posted in Business & Economics

A History of Law and Lawyers in the GATT/WTO

The Development of the Rule of Law in the Multilateral Trading System

Author: Gabrielle Marceau

Publisher: Cambridge University Press

ISBN: 1107085233

Category: Law

Page: 684

View: 8402

How have GATT/WTO staff and Appellate Body members contributed to the evolution of the rule-of-law in the multilateral trading system?
Posted in Law

Doha and Beyond

The Future of the Multilateral Trading System

Author: Mike Moore

Publisher: Cambridge University Press

ISBN: 9780521833431

Category: Business & Economics

Page: 184

View: 316

This book brings together members of the former WTO Director General's advisory group which was formed to provide him with expert advice before and after the Doha Ministerial Conference. Nine experts explore issues which are pertinent to the ongoing progress in negotiations, and their chapters are brought together with an overview introduction. All in all, this volume offers an excellent summary of key issues facing the WTO as it moves forward. It should prove essential reading for trade negotiators and scholars concerned with the post-Cancoun agenda.
Posted in Business & Economics

The Geneva Consensus

Making Trade Work for All

Author: Pascal Lamy

Publisher: Cambridge University Press

ISBN: 1107729866

Category: Law

Page: 208

View: 1532

As Director-General of the World Trade Organization, Pascal Lamy chaired the Doha Round of negotiations and witnessed a rapidly changing international trade environment. In his first book since leaving the WTO, Lamy reflects on his time there and outlines his views on the significance of open trade in generating global economic growth, reducing poverty and creating jobs around the world. He argues that trade can only act as a motor for growth if the correct mix of domestic and international economic and social policies is in place. This approach – the 'Geneva Consensus' – requires deeper cooperation and policy coherence between the international organizations active in setting international economic, social and political policies. The Geneva Consensus describes the ongoing efforts to put this into effect, calling for more effective global governance to tackle the challenges of globalization. It also examines relationships between trade and the key social, economic and political issues of our time.
Posted in Law

The Law and Policy of the World Trade Organization

Text, Cases and Materials

Author: Peter Van den Bossche

Publisher: Cambridge University Press

ISBN: 9781139445559

Category: Law

Page: N.A

View: 8368

This is primarily a textbook for graduate and upper-level undergraduate students of law. However, practising lawyers and policy-makers who are looking for an introduction to WTO law will also find it invaluable. The book covers both the institutional and substantive law of the WTO. While the treatment of the law is often quite detailed, the main aim of this textbook is to make clear the basic principles and underlying logic of WTO law and the world trading system. Each section contains questions and assignments, to allow students to assess their understanding and develop useful practical skills. At the end of each chapter there is a helpful summary, as well as an exercise on specific, true-to-life international trade problems.
Posted in Law

Food Crises and the WTO

World Trade Forum

Author: Baris Karapinar,Christian Häberli

Publisher: Cambridge University Press

ISBN: 1139485865

Category: Law

Page: N.A

View: 5344

The food and financial crises of 2008 and 2009 have pushed millions more people into poverty and hunger, while changing the parameters of international trade. Both crises have also challenged the fundamentals of WTO rules regulating agriculture, which had been designed to combat trade distortions due to artificially low-priced food commodities. This collection of essays examines to what extent the multilateral trading system contributes to food security in today's volatile markets. Bringing together a renowned group of expert economists, lawyers, environmental and development specialists, it offers a fresh and multi-dimensional perspective combining a strong economic analysis with a comprehensive legal assessment of the interface between food security and international trade regulation. Together, the contributions provide concrete policy recommendations on how the WTO could play a positive role in preventing or mitigating future food crises and promote global food security.
Posted in Law

Global Value Chains in a Changing World

Author: Deborah Kay Elms,Patrick Low

Publisher: N.A

ISBN: 9789287038821

Category: Business & Economics

Page: 409

View: 9877

A collection of papers by some of the world's leading specialists on global value chains (GVCs). It examines how GVCs have evolved and the challenges they face in a rapidly changing world. The approach is multi-disciplinary, with contributions from economists, political scientists, supply chain management specialists, practitioners and policy-makers. Co-published with the Fung Global Institute and the Temasek
Posted in Business & Economics

Africa and the European Union

A Strategic Partnership

Author: J. Mangala

Publisher: Springer

ISBN: 1137269472

Category: Social Science

Page: 257

View: 8824

The adoption of the Joint Africa-EU Strategy (JAES) in 2007 was a watershed moment in Africa-EU relations, one that sought to 'reinvent' a historical relationship to meet the challenges posed by complex interdependencies, expanding globalization, and growing competition, all framed by the gradual dislocation of the West as the epicenter of world politics. Five years into its implementation, this book offers a thorough and first comprehensive investigation of the JAES, the most advanced form of interregionalism seen to date.
Posted in Social Science

Trade, Poverty, Development

Getting Beyond the WTO's Doha Deadlock

Author: Rorden Wilkinson,James Scott

Publisher: Routledge

ISBN: 0415624495

Category: Political Science

Page: 233

View: 2662

This work seeks to look beyond the seemingly endless deadlock in the WTO's Doha round of trade negotiations that began in November 2001 and were first scheduled to conclude by January 1, 2005. As well as offering an incisive analysis of the ills of the round, with particular attention directed at the poorest and least developed countries, the book expands on how the round could be moved forward elaborating on the Statement on the Doha Development Agenda that was negotiated in Johannesburg . The work as a whole provides the reader with a critical analysis of the implications of the negotiations for development and poverty reduction as well as proposals for moving beyond the current impasse. The volume brings together contributions from serving and former ambassadors to the WTO, key practitioners, and civil society representatives along with those of leading scholars. Each chapter explores an area of critical importance to the round; and together they stand as an important contribution to debates not only about the Doha round but also about the role of trade in the amelioration of poverty in the poorest countries.
Posted in Political Science

Reform and Development of the WTO Dispute Settlement System

Author: Dencho Georgiev,Kim van der Borght

Publisher: Cameron May

ISBN: 1905017243

Category: Arbitration and award, International

Page: 488

View: 3851

The review of the dispute settlement system of the WTO was written into the results of the Uruguay Round establishing the organization. The planned review after four years failed to reach a conclusion and the review process was extended several times, to be finally taken up as a separate part of the Doha Round.
Posted in Arbitration and award, International

A World Trade Organization for the 21st Century

The Asian Perspective

Author: Richard Baldwin,Masahiro Kawai,Ganeshan Wignaraja

Publisher: Edward Elgar Publishing

ISBN: 1783479280

Category: Asia

Page: 456

View: 8399

ø Policy makers will benefit from the expert knowledge and policy lessons presented in this book, and development economists and researchers will profit from its critical examination of the world trading system. Undergraduate and postgraduate studen
Posted in Asia

Twenty Years of the World Trade Organization

Author: World Trade Organization,World Trade Organization Wto

Publisher: N.A

ISBN: 9789287040060

Category: History

Page: 120

View: 5543

Twenty Years of the World Trade Organization provides a visual account of the first two decades of the multilateral trading system.
Posted in History