Sunday, August 15, 2010

Future role of the WTO

URI DADUSH of the Carnegie Endowment states that the efficacy of the WTO has been reduced due to increasing difficulty in enacting comprehensive multilateral agreements driven by deepening international integration, increasing influence of new players, and growing trade complexity. In an article for the International Economic Bulletin, "The Future of the World Trading System", he states that despite the recent stalling of the WTO, world trade had advanced at unprecedented rates and that the WTO could reaffirm its leadership role by promoting regional and plurilateral liberalization processes to existing agreements.

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