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Towards a Development Round

In: Developing Countries in the WTO

Author

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  • Constantine Michalopoulos

Abstract

The failure of the WTO ministerial meeting in Seattle, which was to have launched a new Round of multilateral trade negotiations, was a setback for the development of a liberal international trading system governed by multilaterally agreed rules. This failure should be a cause of concern to developing countries as they would benefit greatly from a rules-based trading system. The lack of agreement in Seattle to review existing rules that are unhelpful to development will not make the problems of developing countries disappear. Furthermore their reasonable concern about the implementation of the Uruguay Round agreements and their need for additional assistance will not be addressed. Of course no deal is better than a bad deal, and it is doubtful whether the deal the Quad was proposing at the time was, broadly speaking, in the developing countries’ interests.

Suggested Citation

  • Constantine Michalopoulos, 2001. "Towards a Development Round," Palgrave Macmillan Books, in: Developing Countries in the WTO, chapter 10, pages 196-227, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-0748-6_10
    DOI: 10.1057/9781403907486_10
    as

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