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Sustaining multilateral trade cooperation in a multipolar world economy

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  • Bernard Hoekman

Abstract

The deadlock in the WTO Doha Round has been accompanied by an increased focus on the negotiation of preferential trade agreements, including so-called ‘mega-regionals’. This paper discusses possible implications for—and possible responses by—excluded countries that have little prospects of participating in most of the mega-regionals. A number of complementary avenues are identified through which such countries might attenuate the potential downsides of preferential trade liberalization among large countries, as well as some proposals that would expand the scope to pursue cooperation on regulatory policies in the WTO as opposed to PTAs. Copyright Springer Science+Business Media New York 2014

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  • Bernard Hoekman, 2014. "Sustaining multilateral trade cooperation in a multipolar world economy," The Review of International Organizations, Springer, vol. 9(2), pages 241-260, June.
    • Handle: RePEc:spr:revint:v:9:y:2014:i:2:p:241-260
    DOI: 10.1007/s11558-014-9187-3
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    Cited by:

    1. Bernard M. Hoekman & Petros C. Mavroidis & Douglas R. Nelson, 2023. "Geopolitical competition, globalisation and WTO reform," The World Economy, Wiley Blackwell, vol. 46(5), pages 1163-1188, May.
    2. Shiro Armstrong, 2014. "Economic Cooperation in the Asia-Pacific and the Global Trading System," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(3), pages 513-521, September.
    3. Hoekman, Bernard M. & Mavroidis, Petros C., 2015. "Embracing Diversity: Plurilateral Agreements and the Trading System," World Trade Review, Cambridge University Press, vol. 14(1), pages 101-116, January.
    4. Bernard Hoekman, 2014. "Supply Chains, Mega-Regionals and Multilateralism: A Road Map for the WTO," RSCAS Working Papers 2014/27, European University Institute.
    5. Peter Egger & Marcelo Olarreaga, 2014. "Introduction to the special issue on the political economy of multilateral trade negotiations," The Review of International Organizations, Springer, vol. 9(2), pages 135-142, June.

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    More about this item

    Keywords

    Multilateral cooperation; Trade agreements; Regional integration; WTO; F13; K32;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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