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Decision making in the WTO has become ever more difficult as the number of members increases and the range of issues … tackled broadens. This paper looks at reasons why aspects of decision-making might be changed and discusses a number of … trading system. It then takes a detailed look at the notion of ‘critical mass' decision-making. It argues for this approach …
Persistent link: https://www.econbiz.de/10013125544
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...
Persistent link: https://www.econbiz.de/10010348853
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...
Persistent link: https://www.econbiz.de/10013054264
Decision-making processes are among the most important methods of functioning against which the legitimacy of one … minimal level of accountability. Moreover, in the recent trend of international fora, especially the WTO, decision-making by … weighted voting. In the WTO, consensus based decision-making is popular, while voting is possible and/or mandatory only in some …
Persistent link: https://www.econbiz.de/10014040320
The international economic crisis which began in 2007 has limited developed countries' growth rates and manifested debt crises in certain economies in the Eurozone. It is the aim of this article to analyze the role that the BRIC group of nations has played in international financial institutions...
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