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The global economic crisis, and governments’ responses to the crisis, did not precipitate a descent into 1930s-style protectionism. That is a relief. But it provides no refuge from policy measures that will slow down globalisation and growth in the next decade. ‘Creeping...
Persistent link: https://www.econbiz.de/10008478872
The global momentum in favour of trade liberalisation has slowed down; and there is more liberalisation-scepticism post-Washington Consensus. Chances are that the Doha Round will either collapse or deliver a very modest result. Both outcomes will leave the WTO in very serious trouble. For the...
Persistent link: https://www.econbiz.de/10005548637
The collapse of the Doha Round in Cancun is symptomatic of a wider malaise in the WTO. It has an overloaded agenda, and is becoming excessively legalised and politicised. The “UN-isation†of the WTO proceeds apace. Its decisionmaking mechanism is crippled. It is therefore not...
Persistent link: https://www.econbiz.de/10005548717