Strengthening the Global Trade Architecture for Development
Despite recurring rounds of trade liberalization, under the auspices of the World Trade Organization (and its predecessor, the General Agreement on Tariffs and Trade, or GATT). Complemented by unilateral reforms, many developing countries have not...
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Format: | Policy Research Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2002/01/1684361/strengthening-global-trade-architecture-development http://hdl.handle.net/10986/15749 |
Summary: | Despite recurring rounds of trade
liberalization, under the auspices of the World Trade
Organization (and its predecessor, the General Agreement on
Tariffs and Trade, or GATT). Complemented by unilateral
reforms, many developing countries have not been able to
integrate into the world economy. The author argues that
from the perspective of the poorest countries, a
multi-pronged strategy is required to strengthen the global
trading system. Moreover, much of the agenda must be
addressed outside the WTO. The most important contribution
the WTO can make to development, is to improve market access
conditions - for goods and services - and ensure that trade
rules are useful to developing countries. Enhancing trade
capacity requires concerted action outside the WTO
("aid for trade") as well as unilateral actions by
both industrial, and developing countries to reduce
anti-trade biases. |
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