We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent … developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its … central features of the design and practice of the GATT/WTO, and we identify key unresolved issues …

the role the WTO might play in guiding them. Two facts form the departure point: 1) Regionalism is here to stay; 2) the … motley assortment of regional trade agreements is not the best way to organise world trade. Moving to global duty-free trade … and uses it to structure a narrative of world trade liberalisation since 1947. The logic is then used to project the world …

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the … that are sometimes identified as warranting changes in the design of the GATT/WTO. I argue that the "terms-of-trade" theory … current challenges facing the WTO …