Since the late 1980s, the ascendancy of market economics coupled with a revolution in information technology has accelerated the process of globalization while institutions of international governance have been unable or unwilling to catch up. Privatization and the related phenomena of...

Export subsidies provide a good example for discussing some interesting questions underlying the debate over reforming the current system of remedies for violations of World Trade Organization (WTO) obligations. If the purpose of trade agreements is to maximize economic welfare, discussion of...