This article tries to summarize achievements of ten years anniversary of WTO (1995-2005) and the negotiations taking place at its summits from Seattle (1999) to Hongkong (2005). These achievements could be characterized at best as mediocre ones. WTO has been muddling through numerous disputes, the most important of which have been and still are agricultural subsidies of developed countries. Due to double standards and sometimes lack of transparency at least three summits (Seattle, Cancún and Doha) almost failed and the Katar Round ended deadlocked for 2004. The last Hongkong summit (December 2005) saved WTO functionality mainly through some concessions demanded by developing countries" since 1998. Katar Round, unfortunately, is still far from any safe landing. Nevertheless, the article praises some good results, too. The whole decade of such partial and practical struggling open, hovewer, also some issues important for theory of international economics, for example such as optimality of global vers. regional-subregional options for the future international trade liberalization, etc. The article, of course, cannot pretend solving but only draws attention of academic research resp. sorting them and establishing their hierarchy.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by University of Economics, Prague in its journal Politická ekonomie.
Order Information: Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3 Email: Web: http://www.vse.cz/polek/
For technical questions regarding this item, or to correct its listing, contact: (Vaclav Subrta).
Find related papers by JEL classification: F20 - International Economics - - International Factor Movements and International Business - - - General F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies