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A Running Repair for the World Trade Organization

In: Enacting Globalization

Author

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  • William Kingston

Abstract

Rich country governments aid poor ones financially, but at the same time restrict their ability to copy technical advances, by measures such as the Trade-Related Intellectual Property (TRIPs) annex to the World Trade Organization Agreement. Yet it was through copying one another in this way that the donor countries themselves became rich. Since the ineffectiveness of government-to-government foreign aid is becoming increasingly evident, it would be better to divert a portion of such expenditure to buying out Western-owned patents and trademarks in poorer countries, obviously with safeguards against exports that could have the effect of undermining their value in advanced ones.

Suggested Citation

  • William Kingston, 2014. "A Running Repair for the World Trade Organization," Palgrave Macmillan Books, in: Louis Brennan (ed.), Enacting Globalization, chapter 9, pages 89-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36194-3_9
    DOI: 10.1057/9781137361943_9
    as

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