Introduction -- Birth of the prodigal: GATT, Uruguay round and the WTO -- Unhappiness of the South -- The millennium round: a flop show -- Between Seattle and Doha: putting Humpty Dumpty together again -- Doha negotiations: Phase I -- Doha negotiations: Phase II -- Epilogue

The paper discusses the costs and benefits to be expected by least-developed and low-income ("vulnerable") economies if they accede to the WTO, the impact of current debates about WTO reform on vulnerable economies, and measures to make it easier for vulnerable economies to accede to and...