Reconstructing the World Trade Organization for the 21st century : an institutional approach / Kent Jones
- Jones, Kent Albert
- New York : Oxford University Press, 2014.
- Physical Description:
- 1 online resource : illustrations (black and white)
- Machine generated contents note: 1.The Doha Round: What Went Wrong and What Is at Stake? -- Introduction -- The Doha Debacle -- What Went Wrong at the Doha Round? -- At Stake: A Framework for Future Trade Negotiations -- What New Gains from Trade Are Available? -- Protectionism during the Financial Crisis -- Summary -- 2.Institutional Foundations of the GATT/WTO System -- Introduction -- The Institutional Roots of Trade Relations: Exchange and Conflict -- The GATT/WTO System as an Institution -- Birth of an Institution -- Institutional Structure of the GATT -- The GATT/WTO System: Elements of a Constructivist Approach -- Path Dependency, Context, and Embeddedness of the GATT/WTO System -- Institutional Equilibrium and Adjustment in the GATT -- Treatment of Developing Countries: The Great Inconsistency -- Summary -- 3.The GATT to WTO Transition and Institutional Crisis in the Doha Round -- Introduction -- The Genesis of the WTO -- Incremental Institutional Change and Equilibrium -- Challenges to Institutional Equilibrium: The WTO and the Doha Round -- The Single Undertaking and New Product Areas -- TRIPS and Developing Country Participation -- Judicialization of Trade Agreements -- Other Institutional Shocks -- Remedies? An Institutional Approach -- Summary and Conclusion -- 4.Impediments to Doha Round Consensus and the Search for WTO Solutions -- Introduction -- WTO Decision-Making and the Principle of Consensus -- Informal Processes of Decision-Making -- The Legacy of the Uruguay Round -- Bargaining in Changing Global Trade Environment -- Evolution of the Decision-Making Process -- The Role of the Director-General -- The Problems with Ministerial Conferences -- Possible Internal WTO Remedies -- Critical Mass -- WTO Salvation through Plurilaterals? -- WTO Governance and Decision-Making -- Summary: WTO Consensus as an Institutional Problem -- 5.WTO Governance and Committee Chair Representation -- Introduction -- Institutional Microstructure of the WTO -- The Structure of WTO Committees -- Developing Country Discontent -- Ministerial Chairs and the Director-General -- Aggregate Trends and Determinants of Committee Chairs -- A Human Capital Hypothesis of Committee Chair Selection -- Patterns of Chair Representation Using Aggregate Data -- Probit Results -- Determinants of Mission Size -- Multiple Appointments -- Summary and Conclusion -- Appendix: Rosters of Country Groupings -- 6.Regional vs. Multilateral Trade Liberalization -- Introduction -- The Role of RTAs in the GATT/WTO System -- Types of RTAs and Their Recent Proliferation -- Early GATT History -- Economic and Systemic Effects -- Impact on Multilateral Trade Negotiations -- Supply Chains, BITs, and the Advent of the "New" RTAs -- Closing the Institutional Loop: From RTAs to the WTO -- The Major Post-Doha RTA Negotiations -- The Trans-Pacific Partnership -- The US-EU Transatlantic Trade and Investment Partnership -- Other RTA Negotiations -- Summary: The Instrumental Role of RTAs in the GATT/WTO System -- 7.Trade, Embedded Liberalism, and Development -- Introduction -- Embedded Liberalism: The Conceptual Framework -- Embedded Liberalism for Developed Countries in the Twenty-first Century -- The Development Divide over Trade -- Aid-for-Trade as Embedded Liberalism? -- The Coherence Problem in Delivering Aid-for-Trade -- The Bali Agreement: A Breakthrough for Aid-for-Trade Liberalization? -- A Graphical Illustration of the Institutional Problem -- Summary and Conclusion -- 8.Pathways Back to Geneva -- Gambling at the Tahoe Round: A Fable -- The Problem with Multilateral Trade Negotiations -- RTAs: A Path Back to the WTO? -- RTA-Induced Fragmentation? -- Leadership and Domestic Adjustment -- Managing the Issues: The Bali Ministerial -- After Bali: Possible Pathways Back to Geneva -- Why There Isn't More Trade.
- Jones examines the difficulties of the World Trade Organization (WTO) in completing multilateral trade negotiations and possible ways to improve the situation. The problem lies in the institutional structure it inherited from the General Agreement on Tariffs and Trade (GATT), which was designed for a more limited scope of trade negotiations among wealthier, industrialized countries. The book presents a model of the GATT/WTO system as a global institution, based on the accepted goals, rules, and obligations of the members, as well as the output the institution is expected to generate.
- 9780199366071 (ebook)
- Bibliography Note:
- Includes bibliographical references and index.
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