The WTO law of remedies for violation appears incoherent. States that fail to comply with their obligations are subject to WTO-authorized retaliation. First, this retaliation takes the inefficient form of blocked trade by the complaining state. This remedy is unlikely to be useful to developing...

Constitutions have many dimensions. These dimensions include at least the following: - an economic constitution in the sense of a set of rules for exchange of value and authority, - an interfunctional constitution that allows for the integration of various social values, - a political...

This paper investigates the impact of institutions on trade and estimates the potential for trade increase between the Commonwealth of Independent States (CIS) and the European Union (EU). The latter is computed from a gravity equation using the procedure introduced by Hausman and Taylor [1981....

The paper examines the possible impact of Doha agreement on Philippine poverty. Using a detailed CGE analysis, the agreement is observed to depress world demand for Philippine agricultural exports, and thus slightly increase poverty, especially among rural households. However, an ambitious full...

An important issue in multilateral trade negotiations is the approach taken to reduce tariffs. Francois, Martin, and Manole believe that there are important advantages in formula approaches and survey a range of options between the sharply top-down Swiss formula and proportional cuts in tariffs....

A majority of the WTO membership today is Developing Countries. The current trade negotiating round is entitled the Doha Development Round and is intended to focus on issues of concern to the developing nations. There is an ongoing debate as to whether developing nations should be accorded...

With the creation and implementation of the February 1997 World Trade Organization Agreement on Basic Telecommunications Services (the February Accord or WTO Agreement), the international telecommunications community has (at least on paper) promised ostensibly to move away from markets...

The Productivity Commission was asked to examine the effects of bilateral and regional trade agreements, including on trade and investment barriers, regional integration and Australia's economy generally. The Commission concluded the benefits of these agreements have been oversold and the...

This paper explores how far free trade agreements (FTAs) have strengthened or weakened global governance of the trading system. We open with an analysis of the altered political and economic context within which countries have come, in recent years, to assign a new importance to regional and...

Due to their level of development and challenges emerging out of that, developing countries (and least developed countries) occupy a very special position in the WTO multilateral system. The constitutive document of the WTO recognizes this and calls for positive measures to ensure access of...