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"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 … commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting. "--World …
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(GATS) at the World Trade Organization (WTO). It shows that the negotiations have contributed to more stable and transparent …
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A major challenge for the multilateral trading system is to secure the benefits of trade liberalization without infringing on the freedom of governments to pursue legitimate domestic objectives. The difficulty lies in distinguishing between two types of situations. In one, a non-protectionist...
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