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In a rapidly changing trade environment, marked by economic slowdown and impasse in the Doha Round, the success of the WTO in promoting and legitimizing the rules-based multilateral trading system rests, to a large extent, on maintaining effective relations with civil society, including...
Persistent link: https://www.econbiz.de/10009622347
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes …
Persistent link: https://www.econbiz.de/10010348853
Economy. Firstly, it aims to deepen our understanding of the emergence of the BRICs in the world economy. To this end, a … macroeconomic analysis is carried out with the aim of making clear the changes the BRICs have brought to the world economy. Secondly …, an analysis is made of the extent to which the global economic crisis has enhanced the role of the BRICs in the world …
Persistent link: https://www.econbiz.de/10010459811
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462834
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462864
Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has …
Persistent link: https://www.econbiz.de/10013117791
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 potential pitfalls that change would have to avoid, such as...
Persistent link: https://www.econbiz.de/10013125544
In a rapidly changing trade environment, marked by economic slowdown and impasse in the Doha Round, the success of the WTO in promoting and legitimizing the rules-based multilateral trading system rests, to a large extent, on maintaining effective relations with civil society, including...
Persistent link: https://www.econbiz.de/10013100446
The growing stock of foreign investments by sovereign wealth funds and state-owned enterprises poses regulatory challenges to the international investment regime. With arbitrators seemingly keen on expanding the jurisdictional scope of investment treaty arbitration to cover a wide range of...
Persistent link: https://www.econbiz.de/10013106999