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...Expand abstract
- World Economy
- Publication date:
- Local pid:
- Copyright date:
Why the WTO Is Deadlocked: And What Can Be Done about It.
Views and Downloads
If you are the owner of this record, you can report an update to it here: Report update to this record