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New Trade Politics for the 21st Century

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  • Joost Pauwelyn

Abstract

Once the Doha Round is concluded, or officially dead, the time will be ripe for a long term reflection on the future of the world trading system. The world has changed dramatically since the GATT's creation in 1947. Yet, 60 years later, the WTO has not adapted itself to these changes. Although commentators tend to focus on internal changes and reforms, most importantly are the external, real world changes that took place in the last 60 years. These changes range from historically low tariffs, an increased financial integration between countries, more diversification in world trade shares and proliferation of preferential trade agreements, to the unbundling of the production chain, the prevalence of unilateral trade liberalization, the emergence of new flanking policies and, crucially, a shift in the forces opposing free trade. These external shocks and changes are already leading to, and require, a 'new trade politics', both within countries and at the international level. , Oxford University Press.

Suggested Citation

  • Joost Pauwelyn, 2008. "New Trade Politics for the 21st Century," Journal of International Economic Law, Oxford University Press, vol. 11(3), pages 559-573, September.
  • Handle: RePEc:oup:jieclw:v:11:y:2008:i:3:p:559-573
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    File URL: http://hdl.handle.net/10.1093/jiel/jgn021
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    Cited by:

    1. Maria Tsiapa, 2014. "Industrial Growth In The Integrated European Economic Space," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 5(2).
    2. Adlung, Rudolf, 2009. "Services liberalization from a WTO/GATS perspective: In search of volunteers," WTO Staff Working Papers ERSD-2009-05, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Rolf J. Langhammer, 2010. "Unordnung in der internationalen Handelsordnung: Befunde, Gründe, Auswirkungen und Therapien," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(1), pages 75-98, February.
    4. Gene M. Grossman, 2016. "The Purpose of Trade Agreements," NBER Working Papers 22070, National Bureau of Economic Research, Inc.

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