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Preventing the Bad from Getting Worse: The End of the World (Trade Organization) As We Know it?

Author

Listed:
  • Bernard M. Hoekman
  • Petros C. Mavroidis

Abstract

Recent survey evidence illustrates that many WTO members and trade practitioners believe that the WTO dispute settlement system needs improvement. We make several proposals to improve the operation of WTO conflict resolution, drawing on proposals made by WTO members in the long-running negotiations to improve WTO dispute settlement procedures. We argue that a focus on technical dimensions of dispute settlement is insufficient to prevent a steady decline in the salience of the organization. Revitalizing the WTO as a forum for rulemaking is needed both to address the cross-border policy spillovers driving trade conflicts between the major trading powers and to improve WTO conflict resolution. Principals – WTO members – should accept that negotiations to clarify and extend existing rules must be an element of a robust system of dispute settlement, and that bolstering WTO dispute settlement is a necessary condition for nascent efforts at plurilateral rulemaking to be successful.

Suggested Citation

  • Bernard M. Hoekman & Petros C. Mavroidis, 2020. "Preventing the Bad from Getting Worse: The End of the World (Trade Organization) As We Know it?," RSCAS Working Papers 2020/06, European University Institute.
    • Handle: RePEc:rsc:rsceui:2020/06
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    Citations

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    Cited by:

    1. Evgeny N. Smirnov & Sergey A. Lukyanov, 2021. "Instability of international trade and approaches to optimal regulation," Upravlenets, Ural State University of Economics, vol. 12(5), pages 21-31, November.
    2. Bernard M. Hoekman & Petros C. Mavroidis & Maarja Saluste, 2020. "Informing WTO Reform: Dispute Settlement Performance, 1995-2020," RSCAS Working Papers 2020/59, European University Institute.
    3. Bernard M. Hoekman & Petros C. Mavroidis, 2020. "To AB or Not to AB? Dispute Settlement in WTO Reform," RSCAS Working Papers 2020/34, European University Institute.

    More about this item

    Keywords

    WTO; Appellate Body; Dispute Settlement; Conflict Resolution;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General

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