Examines trade problems developing nations face now and in the future and points out serious flaws in the "New World Order." Overviews world trade law as it affects developing nations, taking an issue oriented approach, and analyzes the effects of World Trade Organization (WTO) rules and the rules of 37 other regional trade agreements on the economic infrastructures of developing nations. Material is in chapters on mechanisms for trade control, worldwide and regional patterns of international trade, non-reciprocal trade structures, and global dismantling of barriers to trade in merchandise. Appendixes list member countries of various trade organizations. Carl taught international trade law at Southern Methodist University for 20 years. Annotation copyrighted by Book News Inc., Portland, OR.

Examines trade problems developing nations face now and in the future and points out serious flaws in the "New World Order." Overviews world trade law as it affects developing nations, taking an issue oriented approach, and analyzes the effects of World Trade Organization (WTO) rules and the rules of 37 other regional trade agreements on the economic infrastructures of developing nations. Material is in chapters on mechanisms for trade control, worldwide and regional patterns of international trade, non-reciprocal trade structures, and global dismantling of barriers to trade in merchandise. Appendixes list member countries of various trade organizations. Carl taught international trade law at Southern Methodist University for 20 years. Annotation copyrighted by Book News Inc., Portland, OR.

The institutional shortcomings of the World Trade Organization (WTO) became apparent during the Doha Round of Trade negotiations that began in 2001 and which aimed to improve the success of developing countries' trading by lowering trade barriers and adjusting other trade rules. This "development agenda" meant different things to rich and poor countries. In addition, many of the circumstances that supported success in General Agreement on Tariffs and Trade (GATT) negotiations of 1947 were no longer present after the WTO was founded in 1995. In Reconstructing the World Trade Organization for the 21st Century, Kent Jones examines the difficulties of the WTO in completing multilateral trade negotiations and possible ways to restore its ability to do so. The problem lies in the institutional structure it inherited from the GATT, which was designed for a more limited scope of trade negotiations among a relatively small number of wealthier, industrialized countries. Jones presents an institutional model of the GATT/WTO system, which describes why such an organization exists and how it is supposed to accomplish its goals. Institutional reforms will be necessary to restore the WTO's ability to complete global trade agreements, including a more flexible application of the consensus rule, a common understanding among all members about the limits of domestic policy space that is subject to negotiation, and clearer rules on reciprocity obligations. The popularity of bilateral and regional trade agreements, which have emerged as the alternative to WTO agreements, presents a threat to the WTO's relevance in trade negotiations, but also an opportunity to "multilateralize" new and deeper trade integration in future WTO agreements. Aid for trade may also play an instrumental role in bringing more developing countries into WTO disciplines. Above all, WTO members must develop new ways to find common ground in order to negotiate for mutual gains from trade.

Despite troubled trade negotiations, global trade—and trade policy—will thrive in the twenty-first century, but with a bow to the past. Is the multilateral trading order of the twentieth century a historical artifact? Was the creation of the World Trade Organization in 1995 the high point of multilateral cooperation on trade? This new volume, edited by Bernard M. Hoekman and Ernesto Zedillo, assesses the relevance of the WTO in the context of the rise of China and the United States' turn toward unilateral protectionism. The contributors adopt a historical perspective to discuss changes in global trade policy trends, adducing lessons from the past to help understand current trade tensions. Topics include responses to U.S. protectionism under the Trump administration, the policy dimensions of trade in services and the rise of the digital economy, how to strengthen the WTO to better negotiate new rules of the game and adjudicate disputes, managing China's integration into the global trade system, and the implications of global value chains for economic development policies. By reflecting on past episodes of protectionism and how they were resolved, Trade in the 21st Century provides both context and guidance on how trade challenges can be addressed in the coming decades.

This book questions what enduring lessons have been learnt about the interdependence of international trade and economic development during the last 50 years. Since the end of the Cold War and the advent of the WTO, developing countries have been forced to face the choice of whether, and to what extent, to integrate economically with the rest of the world. The key issue of international political economy is emphasized. The authors argue that while integration through trade has become increasingly necessary for successful development, it rapidly encounters a series of problems that remain to be resolved. These range from increasing inequality and instability, the vagaries of WTO rules, persistent agricultural protection in developed countries, through to inadequate finance and new waves of technological innovation. Underlying all these concerns, however, is the deeper question of how much the developing countries can influence the setting of the rules of the international system. Trade and Development examines all the major topics in the area of trade and development, along with proposals for new directions for UNCTAD. The book will be of great interest to academics, researchers, NGOs and policymakers involved in international and development economics.

Development and the State in the 21st Century provides a comprehensive analysis of the state's role in contemporary development. The book examines the challenges that states face in the developing world – from lasting poverty and political instability to disease and natural disasters – and explores the ways in which states can build capacity to surmount these challenges. It takes seriously the role that state institutions can play in development while also looking at what institutional reform entails and why this reform is critical for policy recommendations to work. This analysis is set in the context of the evolution of both development practice and development theory. Chapters are organized around the key issues in the field and deploy a wide range of examples from different countries. A range of case studies throughout the text demonstrate the variety of problems development practitioners face and the key theoretical debates surrounding the subject. This text will be particularly useful to students of development and politics who wish to understand how governance and state-building can improve countries' economic performance and end cycles of poverty.

The advent of the World Trade Organization (WTO) in 1995 transformed international economic law for states, enterprises, and nongovernmental organizations. This book analyzes how the WTO is changing the path of international trade law and examines the implications of these trends for the world economy and the global environment. Containing 18 essays published from 1999 to 2011, the book illuminates several of the most complex issues in contemporary trade policy. Among the topics covered are: Is there a normative theory of the WTO's purpose? Can constitutional theory provide guidance to keep the WTO's levers in balance? Should the WTO use trade sanctions for enforcement? What can the WTO do to enhance sustainable development and job creation?

On the basis of a systematic accumulation of primary evidence, over a 15-year period, the book describes African trade policy behavior. Through the analysis of original data, African Participation at the World Trade Organization: Legal and Institutional Aspects, 1995-2010 concludes that there is wide scope for improvement in African participation in the WTO. Based on the current transitions in the global economy, the author encourages African Members of the WTO to break from the "inertia of a special and differential exemption orientation", align the trade policy behavior of African Capitals with the Geneva "Frontline"; and, ensure adequacy of deployed resources to three core areas of WTO work: dispute settlement; administration of existing Agreements; and, multilateral negotiations. Finally, the conclusion identifies a detailed and pragmatic roadmap for African policy makers to maximize the benefits of global trade integration and WTO Membership. African Participation at the World Trade Organization: Legal and Institutional Aspects, 1995-2010 is a must read for anyone interested in the factors, motivations and explanations that have underpinned the behavior of African countries in the GATT/WTO system of trade rules.

Much has been written about globalization as an economic and political concept. The academic debate looks forward for explanations about the historical roots and development of this emerging phenomenon where the Nation-State’s evolved into a system where nations are ruled by the dynamics of global interdependence. Globalization in the new era is characterized as a process where geographical, political and cultural borders tend to dissolve. The Westphalia notion of sovereignty capitulates against the principle of political subordination as integration of local power ensuring national legitimacy.

ø Policy makers will benefit from the expert knowledge and policy lessons presented in this book, and development economists and researchers will profit from its critical examination of the world trading system. Undergraduate and postgraduate studen