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Almost eight years after the launch of the Doha Round, the WTO negotiations remain mired in a swamp of detail, with many participants unwilling or unable to make the hard decisions which would bring the Round to a conclusion. Meanwhile, the world has changed dramatically with the onset of a...
Persistent link: https://www.econbiz.de/10003900787
In recent years we have witnessed the crisis in the multilateral trading system, primarily because of the inability of the Doha Development Agenda to produce results after 17 years of negotiations. The reasons are complex large number of participants in these negotiations which complicates...
Persistent link: https://www.econbiz.de/10013309117
Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...
Persistent link: https://www.econbiz.de/10013226955
There is an emerging consensus among American politicians and many citizens that trade and globalization have undermined America's working class, resulting in a rise in U.S. populism. This view frequently targets the 2000 U.S. law that granted China “permanent normal trade relations” (PNTR)...
Persistent link: https://www.econbiz.de/10012827394
The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...
Persistent link: https://www.econbiz.de/10012436848
International trade flows based on information. Is the foreign market open? What are the conditions for entry? Are there customs duties to be paid and other regulations that need to be satisfied? Businesses thrive on getting as much certainty as they can find, and this requires reliable...
Persistent link: https://www.econbiz.de/10013291312
Korean defense exports have grown at a higher rate than anywhere else in the world in the five year period from 2017 to 2021, exploding by 177 percent and positioning Korea as the world’s eighth-largest defense exporter. Moreover, if after final accounting Korean defense exports came to more...
Persistent link: https://www.econbiz.de/10014259906
The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...
Persistent link: https://www.econbiz.de/10012884437
The COVID-19 pandemic and the conflict in Ukraine have brought to the surface problems of the modern world that the international community has not seriously addressed. These problems appear to be, on the one hand, the management of global public health and, on the other, relations between...
Persistent link: https://www.econbiz.de/10014255467
All dogs have fleas, therefore all dogs have legs with which to scratch. Similarly, any government committed to a generally open trade policy will be pestered for ‘import relief’ by one industry or another – usually on grounds that its situation is ‘exceptional.’ It follows that...
Persistent link: https://www.econbiz.de/10014185581