The Crisis of the Liberal International Order  Thoughts on the Future of the Multilateral Trading System

20.500.12592/c6j0x3

The Crisis of the Liberal International Order Thoughts on the Future of the Multilateral Trading System

5 Oct 2022

The Allies set in motion the process of integration of most of the world’s nations into the global economy. [...] Looking back, I believe it is fair to say that the provisions and principles of the GATT - and later of the WTO - have made a decisive contribution to the progress large parts of the world have witnessed during the latter part of this century. [...] They have not managed to conclude anything like the grand rounds of negotiations that took place in the last two decades of the preceding period under the GATT, from the 1970s to the 1990s. [...] The sole criteria for the docking of these sub-multilateral agreements at the WTO should be that they are consistent with the purposes of the Organization, and that the signatories defray any expenses involved. [...] A defect in the structure of the WTO is that it did not follow the precedent set by the Bretton Woods institutions and the OECD.

Authors

Alan Wolff

Pages
13
Published in
United States of America

Tables

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