Description
Perhaps even more troubling than the virulent opposition to the global economic regime demonstrated at and since Seattle in 1999, the World Trade Organization now finds that enthusiasm for world trade itself is at best tepid among the public in the US, where it usually counts on strong support. Economists, development specialists, and law scholars ponder on the three named aspects of the system and its governance. The 16 papers were presented to a conference at Harvard University in June 2000. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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"A Brookings Institution Press and the Center for Business and Government at Harvard University publicationThe multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. These essays by leading scholars and trade officials honor Raymond Vernon, one of the architects of the international economic institutions established following the Second World War. The book examines several key issues at the heart of the debate over the multilateral trading system. What are the global efficiency gains from further liberalization? How can efficiency gains be maximized while respecting legitimate claims to sovereignty? Is the trading system affording an equitable distribution of benefits between countries and among various groups within societies? Does civil society have a role in the trading system? What role should the World Trade Organization and its dispute settlement procedures play in resolving disputes and enhancing legitimacy?"
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