Recent work on China's accession to the World Trade Organizations pays little attention to the wave of reforms in China …

increase maritime transport costs by 0.4 percent to 16 percent. However, this would only marginally increase the import prices … of goods (by less than 1 percent). For transport choices, the increased cost of maritime transport induced by greenhouse … gas mitigation measures might only slightly reduce the share of maritime transport, by 0.16 percent globally. Furthermore …

"There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to … interests largely in the rich countries, is running out of steam; (ii) the world economy is moving broadly from conditions of … just the WTO but other multilateral institutions; and (v) despite shifts in economic power across countries, the …