Efficiency, Equity, and Legitimacy: The Multilateral Trading System at the Millennium
Roger B. Porter
Brookings Institution Press, 2001 - Political Science - 444 pages
The 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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Efficiency Equity and Legitimacy The Global Trading System in the TwentyFirst Century
Dark Clouds over Geneva? The Troubled Prospects of the Multilateral Trading System
A Rough Map of Challenges to the Multilateral Trading System at the Millennium
After Seattle Free Trade and the WTO
A New Framework for Globalization
Assessing the Efficiency Gains from Further Liberalization
The Club Model of Multilateral Cooperation and Problems of Democratic Legitimacy
Are the Judicial Organs of the World Trade Organization Overburdened?
The Rule of Lawyers and the Ethos of Diplomats Reflections on WTO Dispute Settlement
Efficient Protection through WTO Rulemaking
Part Two Summary
Market Access for Developing Countries
Whos Afraid of Globalization? Domestic Adjustment in Europe and America
Fostering Equity through International Institutions
Part Three Summary
Legitimacy and Global Governance Why Constitutionalizing the WTO Is a Step Too Far
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accountability adjustment agree agreements agriculture Appellate Body areas Bank barriers benefits capital challenge competition concerns consider constitutional cooperation costs decisions demands democratic developing countries direct dispute settlement domestic economic effect efficiency environment environmental established Europe European example factors firms foreign free trade gains GATT global governments greater groups growth important income increased industries inrernational inrernational trade institutions integration interests investment issues judicial labor least legitimacy less liberalization major means measures ment multilareral negotiations NGOs North openness Organization panel participation parties percent political poor possible practice problem procedures production protection question reason reduce regimes regional regulation regulatory require restrictions result role rules Seattle sector social standards structure success suggest tariff tion Unired United University Uruguay Round welfare workers