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Why the WTO Is Deadlocked: And What Can Be Done about It.

Abstract:

The GATT was hugely successful, yet its successor organisation is to date failing. This paper argues that the expansion in both scope and membership make it radically more difficult for a purely bargain-based organisation to succeed. Three factors limit the scope for deals that would be recognised as mutually beneficial. Many developing countries are accustomed to transfers rather than bargains; the poorest countries have no basis for bargaining; and even where mutual advantage is possible it...

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Journal:
World Economy
Volume:
29
Publication date:
2006-01-01
URN:
uuid:846f2564-af2f-41c1-8acd-920833d148ea
Local pid:
oai:economics.ouls.ox.ac.uk:11537
Language:
English

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