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Fairness in the WTO Trading System

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Author Info

  • Andrew G. Brown

    (Amherst, MA)

  • Robert M. Stern

    (University of Michigan)

Abstract

We first provide a brief critique of the utilitarian principle as a guide to fairness in the world trading system. We then turn to the alternative conception of fairness in terms of economic equity, exploring the meaning of its two components: equality of opportunity and distributive justice. We thereafter proceed to discuss the conditions of autonomy and reciprocity that have to be met in order to realize greater fairness in multilateral trade negotiations. Next, we comment on aspects of procedural justice that are necessary for the functioning of a fair trading system. Finally, we conclude with an overall assessment of the considerations of the fairness achieved in the Uruguay Round multilateral negotiations.

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File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers601-625/r612.pdf
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Bibliographic Info

Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 612.

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Length: 28 pages
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:mie:wpaper:612

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Postal: ANN ARBOR MICHIGAN 48109
Web page: http://www.fordschool.umich.edu/rsie/
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Related research

Keywords: Fairness; Equality of Opportunity; Distributive Justice; Global Trading System;

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  1. Hoekman, Bernard & Ozden, Caglar, 2005. "Trade preferences and differential treatment of developing countries : a selective survey," Policy Research Working Paper Series 3566, The World Bank.
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