Agur, Itai - In: Global Economy Journal 8 (2009) 3, pp. 4-4
paints a bleak picture for multilateralism: US exports to China would have to triple for a new WTO round to stand a chance …. Nonetheless, this does not plead for tougher WTO rules on regionalism. As is argued both qualitatively and quantitatively, these …This paper argues that the growing US trade deficit has caused the decline of the WTO and the rise of regional trade …