Reforming the World Trading System: Legitimacy, Efficiency, and Democratic Governance
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Author Description
The 1994 agreement establishing the World Trade Organization (WTO) regulates over 95% of world trade amongst 148 member countries. The November 2001 Declaration of the Fourth Ministerial Conference of the WTO in Doha, Quatar, has launched the Doha Development Round of multilateral trade negotiations in the WTo on 21 topics aimed at far-reaching reforms of the world trading system. On August 1st 2004, the WTO General Council reached agreement on a detailed Doha Work program with the aim of concluding negotiations in 2006.This volume provides discussion and policy recommendations by leading WTO negotiators and policy-makers, and analysis by leading economists, political scientists and trade lawyers on the major subjects of the Doha Round negotiations. Over 30 contributors explore the complexity of the world trading system and of the WTO negotiations for its reform from diverse political, economic and legal perspectives.
Menrva's Summary
THE THESIS
This volume investigates the structural challenges of the World Trade Organization (WTO) and the necessary reforms required to enhance its legitimacy, efficiency, and democratic governance within the global trading system. Ernst Ulrich Petersmann, a prominent scholar in international economic law, curates a collection of essays that synthesize the perspectives of trade negotiators, policy-makers, economists, and legal experts. The text evaluates the Doha Development Round, utilizing a multidisciplinary framework to address the tension between economic liberalization and the political requirements of member states.
THE SCOPE MAP
What You Will Find
- Analysis of the Doha Development Round and the 2004 Doha Work Program.
- Examination of the legal and political legitimacy of international trade institutions.
- Case studies and policy recommendations from practitioners and academics.
- Discussion on the intersection of economic efficiency and democratic accountability.
THE AUTHORITY PERSPECTIVE
Experts recognize this volume as a comprehensive resource for understanding the complexities of multilateral trade negotiations during the early 2000s. Readers frequently note the academic density of the prose, which serves as a foundational text for students and professionals interested in the evolution of international economic law.
Page Count:
590
Publication Date:
2005-08-11
Publisher:
Oxford University Press
ISBN-10:
0199282633
ISBN-13:
9780199282630
Economics
International Law
World Trade Organization
Trade Policy
Governance
