The International Trading System and Its Future
This chapter describes the evolution and structure of the international trading system, focusing on the tension between the fundamental GATT/WTO principle of most-favored-nation (MFN) treatment and the proliferation of discriminatory trading arrangements, including regional agreements as well as new versions of special and differential treatment of low-income countries. It also discusses the increasing pressure to use the enforcement power of the GATT/WTO system to achieve member compliance with social norms in the areas of labor and environment. The chapter concludes by considering some significant challenges that currently face the international trading system and possible directions of the system’s evolution in response to these challenges.
|Date of creation:||Nov 2010|
|Date of revision:|
|Contact details of provider:|| Postal: MS032, P.O. Box 9110, Waltham, MA 02454-9110|
Web page: http://www.brandeis.edu/departments/economics/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bown, Chad P. & McCulloch, Rachel, 2009.
"U.S.-Japan and U.S.-China trade conflict: Export growth, reciprocity, and the international trading system,"
Journal of Asian Economics,
Elsevier, vol. 20(6), pages 669-687, November.
- Bown, Chad P. & McCulloch, Rachel, 2009. "U.S.-Japan and U.S.-China trade conflict : export growth, reciprocity, and the international trading system," Policy Research Working Paper Series 5102, The World Bank.
- Gary Clyde Hufbauer & Jeffrey J. Schott & Woan Foong Wong, 2010.
"Figuring Out the Doha Round,"
Peterson Institute Press: Policy Analyses in International Economics,
Peterson Institute for International Economics, number pa91, December.
- Bown, Chad P. & McCulloch, Rachel, 2010.
"Developing countries, dispute settlement, and the advisory centre on WTO law,"
Policy Research Working Paper Series
5168, The World Bank.
- Chad Bown & Rachel McCulloch, 2010. "Developing countries, dispute settlement, and the Advisory Centre on WTO Law," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 19(1), pages 33-63.
- Richard Pomfret, 2006.
"Is Regionalism an Increasing Feature of the World Economy?,"
The Institute for International Integration Studies Discussion Paper Series
- Richard Pomfret, 2007. "Is Regionalism an Increasing Feature of the World Economy?," The World Economy, Wiley Blackwell, vol. 30(6), pages 923-947, 06.
- Staiger, Robert W. & Sykes, Alan O., 2010.
"‘Currency manipulation’ and world trade,"
World Trade Review,
Cambridge University Press, vol. 9(04), pages 583-627, October.
- Hoekman, Bernard & Martin, Will & Mattoo, Aaditya, 2010.
"Conclude Doha: It Matters!,"
CEPR Discussion Papers
7788, C.E.P.R. Discussion Papers.
- Will Martin & Patrick Messerlin, 2007. "Why is it so difficult? Trade liberalization under the Doha Agenda," Oxford Review of Economic Policy, Oxford University Press, vol. 23(3), pages 347-366, Autumn.
- Gary Clyde Hufbauer & Steve Charnovitz & Jisun Kim, 2009. "Global Warming and the World Trading System," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4280.
- Antoni Estevadeordal & Caroline Freund & Emanuel Ornelas, 2008.
"Does Regionalism Affect Trade Liberalization Towards Non-Members?,"
CEP Discussion Papers
dp0868, Centre for Economic Performance, LSE.
- Antoni Estevadeordal & Caroline Freund & Emanuel Ornelas, 2008. "Does Regionalism Affect Trade Liberalization Toward Nonmembers?," The Quarterly Journal of Economics, Oxford University Press, vol. 123(4), pages 1531-1575.
- Antoni Estevadeordal & Caroline Freund & Emanuel Ornelas, 2008. "Does regionalism affect trade liberalization towards non-members?," LSE Research Online Documents on Economics 19584, London School of Economics and Political Science, LSE Library.
- Estevadeordal, Antoni & Freund, Caroline & Ornelas, Emanuel, 2008. "Does regionalism affect trade liberalization toward non-members ?," Policy Research Working Paper Series 4751, The World Bank.
- Michael G. Plummer, 2007. "'Best Practices' in Regional Trading Agreements: An Application to Asia," The World Economy, Wiley Blackwell, vol. 30(12), pages 1771-1796, December.
- Meredith A. Crowley, 2003. "An introduction to the WTO and GATT," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 42-57.
- Kawai, Masahiro & Petri, Peter & Sisli-Ciamarra, Elif, 2009.
"Asia in Global Governance: A Case for Decentralized Institutions,"
ADBI Working Papers
157, Asian Development Bank Institute.
- Masahiro Kawai & Peter A. Petri & Elif Sisli Ciamarra, 2010. "Asia in Global Governance: A Case for Decentralized Institutions," Chapters, in: Asian Regionalism in the World Economy, chapter 13 Edward Elgar Publishing.
When requesting a correction, please mention this item's handle: RePEc:brd:wpaper:08. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Leslie Yancich)
If references are entirely missing, you can add them using this form.