This paper traces the evolution of the debate over a GEO, and analyzes its problems and opportunities in the world trading system. It first considers the genesis of proposals for a GEO, and provides a short historical account. Second, it offers one view of what a GEO might entail. The next two sections offer a brief summary of some of the main arguments for and against such a body. The fifth section discusses issues of implementation, and the relationship between a GEO and existing institutions with environmental or trade responsibilities, such as UNEP and the WTO. It also considers whether a GEO should be built up incrementally, or whether a 'grand stroke' would be more effective in establishing it. The sixth section takes up three related issues: the role of developing countries, issues of subsidiarity and the effective use of sanctions or conditionality. The seventh and final section offers a summary and conclusions.
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Paper provided by University of Minnesota, Center for International Food and Agricultural Policy in its series Working Papers with number
14448.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Kyle Bagwell & Robert W. Staiger, 1999.
"An Economic Theory of GATT,"
American Economic Review,
American Economic Association, vol. 89(1), pages 215-248, March.
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