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The Multilateral Trading SystemThe Multilateral Trading System

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Author Info
Robert M. Stern (University of Michigan)
Abstract

This paper traces the evolution of the global trading system from the 19th century to the present-day GATT/WTO arrangements, calling attention to the key roles of reciprocity and non-discrimination and taking note of how the system is now challenged by the new paradigm of global market integration. The main features of the WTO are described, the boundaries of the WTO identified, and how the expansion of these boundaries may result in the over-extension and weakening of the effectiveness of the WTO.

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File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers551-575/r569.pdf
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Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 569.

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Length: 50 pages
Date of creation: 2007
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Handle: RePEc:mie:wpaper:569

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This page was last updated on 2009-12-21.


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