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Challenges Facing the World Trade Organization: An Overview

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  • Gary P Sampson

Abstract

Tensions are running high in the world trading system. Sufficient conditions now exist for a continuing degeneration of trading relations creating a downward spiral and launching a serious trade war with unknown consequences. History has shown this scenario can be avoided if trading relations are based on agreed rules, enforced by an effective compliance mechanism and fully respected by governments. With the World Trade Organization (WTO) now at its heart, the very existence of the rules‐based trading system is under threat. Challenges facing the WTO and the reforms needed to deal with them are addressed in this article.

Suggested Citation

  • Gary P Sampson, 2018. "Challenges Facing the World Trade Organization: An Overview," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(4), pages 453-473, December.
    • Handle: RePEc:bla:ausecr:v:51:y:2018:i:4:p:453-473
    DOI: 10.1111/1467-8462.12301
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    References listed on IDEAS

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    Cited by:

    1. Richard Pomfret, 2020. "Global Production Networks, New Trade Technologies and the Challenge for International Institutions," Foreign Trade Review, , vol. 55(1), pages 21-41, February.

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