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The collapse of the Doha Round hangs heavily over an already troubled world economy. Some have concluded that this failure is simply the result of a lack of political will and a pre-occupation with issues such as terrorism. But as Kent Jones reveals in The Doha Blues, the World Trade Organization needs serious structural changes, not just political backbone. He shows for instance that the WTO--now with 153 members--has become increasingly unwieldy in terms of concluding trade agreements and he suggests that countries organize around specific platform positions, a strategy that would make the "holy grail" of consensus once again possible. Jones also argues for financial support for poorer countries so that they can participate effectively in negotiations and he contends that the principle of the "single undertaking" (that "there is no agreement until everything is agreed") has become a serious and perhaps crippling constraint, and must be modified. Jones is a leading authority on trade policy and his book illuminates the real stumbling blocks to trade liberalization and highlights the way around them.
Does the collapse of the Doha Round signify a terminal failure of political will, or does it reveal an urgent need for structural reform within the World Trade Organization? Kent Jones, a recognized authority on international trade policy, examines the institutional mechanics that have rendered the WTO increasingly ineffective as its membership has expanded. He argues that the current consensus-based model and the rigid 'single undertaking' principle act as systemic barriers to progress, necessitating a shift toward more flexible, platform-based negotiation strategies to restore functional trade liberalization.
What You Will Find
Experts identify this work as a critical examination of the institutional limitations facing modern global trade governance. Readers frequently note the clarity with which Jones dissects complex policy constraints, making it a valuable resource for students and practitioners of international economics.
Page Count:
254
Publication Date:
2009-11-05
Publisher:
Oxford University Press
ISBN-10:
0195378822
ISBN-13:
9780195378825
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