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Fairness in the WTO Trading System

Author

Listed:
  • Andrew G. Brown

    (Amherst, MA)

  • Robert M. Stern

    (University of Michigan)

Abstract

We first provide a brief critique of the utilitarian principle as a guide to fairness in the world trading system. We then turn to the alternative conception of fairness in terms of economic equity, exploring the meaning of its two components: equality of opportunity and distributive justice. We thereafter proceed to discuss the conditions of autonomy and reciprocity that have to be met in order to realize greater fairness in multilateral trade negotiations. Next, we comment on aspects of procedural justice that are necessary for the functioning of a fair trading system. Finally, we conclude with an overall assessment of the considerations of the fairness achieved in the Uruguay Round multilateral negotiations.

Suggested Citation

  • Andrew G. Brown & Robert M. Stern, 2010. "Fairness in the WTO Trading System," Working Papers 612, Research Seminar in International Economics, University of Michigan.
  • Handle: RePEc:mie:wpaper:612
    as

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    File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers601-625/r612.pdf
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    References listed on IDEAS

    as
    1. Hoekman, Bernard & Ozden, Caglar, 2005. "Trade preferences and differential treatment of developing countries : a selective survey," Policy Research Working Paper Series 3566, The World Bank.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fairness; Equality of Opportunity; Distributive Justice; Global Trading System;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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