developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current …, the paper evaluates the stability of the emerging system, as well as the current proposals for reform of the international …

, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple … incorporation of both intensive and extensive margins of adjustment to reform. Applications confirm that the technique is …. Sensitivity analysis suggests that, for global trade reform, the ease of substitution between tariff lines is much more important …

This paper summarizes the major arguments and proposals to reform the modus operandi of the World Trade Organization … internal and external transparency of World Trade Organization processes. Some proposals for structural reform ignore incentive … constraints and the fact that the World Trade Organization is an incomplete contract that must be self-enforcing. Others -- such …