Reform at the top: What's next for the WTO? A second life? A socio-political analysis

A fundamental change is taking place in the global economy, and the standoff in the Doha Round has raised many questions about the World Trade Organization�s troubled architecture (Khor, 2009). So far, the quest for renewed policy coherence in the rules-based multilateral system has produced stalema... Deskribapen osoa

Egile nagusia: Drache, Daniel
Formatua: Artikulua
Hizkuntza: Ingelesa
Argitaratua: Instituto Internacional de Sociología Jurídica de Oñati = The Oñati International Institute for the Sociology of Law 2011
Gaiak:
WTO
Sarrera elektronikoa: http://dialnet.unirioja.es/servlet/oaiart?codigo=3865487
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Laburpena: A fundamental change is taking place in the global economy, and the standoff in the Doha Round has raised many questions about the World Trade Organization�s troubled architecture (Khor, 2009). So far, the quest for renewed policy coherence in the rules-based multilateral system has produced stalemate rather than reform. The analysis that follows explores the proposition that, without the metaphoric �knife at its throat� to shock it to its senses, the WTO will continue in the short term to be trapped by its existing architecture. There is no coherent reform-minded movement supported by a critical number of states to instigate a change in the way the WTO does business. The paper looks at the following idea: with many states pursuing new policy frames to enhance their strategic interests, the second life of the WTO will be dramatically different from the present configuration. A lengthy trade pause is a certainty. Four options of what the WTO will become are examined. The conclusion is that as a governance body the WTO faces gradual and likely irreversible decline. It will have a smaller remit, be prone to mini-multilateralism and have to learn to live with a proliferation of regional trade agreements.