World Trade Organization: Quo vadis?

Authors

  • Sergei Sutyrin St.Petersburg State University
  • Xueling Guan Shenzhen Academy of Renmin University of China
  • Miroslav Jovanovic University of Geneva
  • Mina Mashayekhi Shanghai University of International Business and Economics
  • Jean-Marie Paugam Permanent Mission of France to the World Trade Organization
  • Alexey Portansky National Research University “Higher School of Economics", Moscow
  • Maarten Smeets Institute for Training and Technical Cooperation at the World Trade Organization

DOI:

https://doi.org/10.21638/spbu05.2020.401

Abstract

During last couple of years, the academic community, national civil servants in charge of trade policies, and employees of international economic organizations have intensively discussed reforming the World Trade Organization. All participants of the debate tend to agree that the system of multilateral trade regulation in its present form does not match expectations and requirements. There is less unanimity regarding the reasons that have resulted in the poor performance of the institution under review. As for possible ways to solve the problem, existing opinions differ dramatically. Both expert views and official proposals of WTO members (Canada, EU, Japan, China and some others) deal with prospects for the Doha round, modalities of future agreements, decision-making process, and a range of other questions waiting for uneasy answers.

Keywords:

international trade, World Trade Organization, trade policy

Downloads

Download data is not yet available.
 

References

A quick guide to the US-China trade war. (2019) BBC News. URL: https://www.bbc.com/news/business-45899310 (accessed: 17.12.2019).

Burtless G. and others. (1998) Globalphobia: confronting fear about trade. Brookings Institution Press,Progressive Policy Institute, and Twentieth Century Fund. 162 p.

Charles de Gaulle Quotes. URL: https://www.brainyquote.com/quotes/charles_de_gaulle_111694 (accessed:17.12.2019).

China’s Proposal on WTO Reform. (2019) World Trade Organization. URL: https://docs.wto.org/dol2fe/Pages/FE_Search/FE_S_S009-DP. (accessed: 17.12.2019)

Evenett S. J., Fritz J. (2019) Jaw not War. Prioritising WTO Reform Options. The 24th Global Trade Alert Report. CEPR Press. 140 p.

International Monetary Fund, Direction of Trade Statistics Database. URL: http://data.imf.org/?sk=9D6028D4-F14A-464C-A2F2-59B2CD424B85 (accessed: 17.12.2019).

Key Statistics and Trends in Trade Policy, 2018: Trade Tensions, Implications for Developing Countries. (2019a) UNCTAD. Geneva. 24 p.

Mavrodis P. C. (2017) Trade Regulation, and Digital Trade. Working Paper. Columbia University. School of International and Public Affairs. URL:https://sipa.columbia.edu/sites/default/files/Mavroidis_Trade_Regulation_and_Digital_Trade_0502.pdf (accessed: 17.12.2019).

Prévost D., Alexovicova I., Hillebrand J. Pohl. (2018) Restoring Trust in Trade: Liber Amicorum in Honour of Peter Van den Bossche. Hart Publishing. 244 p.

Remaking Global Trade. (2018) Bloomberg Markets and Finance. YouTube video, 5 November. URL: https://www.youtube.com/watch?v=WDpxdrD2zTQ (accessed: 17.12.2019).

Remarks by President Trump to the 74th Session of the United Nations General Assembly. September 24, 2019.URL: https://www.whitehouse.gov/briefings-statements/remarkspresidenttrump 74th-sessionunited-nations-general-assembly (accessed: 17.12.2019).

Rodrik D. (2011) The Globalization Paradox: Democracy and the Future of the World Economy. New York and London: W. W. Norton. 368p.

Rodrik D. (2019) Globalization’s Wrong Turn And How It Hurts America. Foreign Affairs July/August,pp. 26–33.

Stiglitz J. (2016) The Euro. How a Common Currency Threatens the Future of Europe. New York, London,W. W. Norton & Company. 416 p.

The US-China trade war: a timeline. (2019) China Briefing. URL: https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline/ (accessed: 17.12.2019).

Trade and Development Report 2019. Financing A Global Green New Deal. (2019b) UNCTAD. Geneva. 173 p.

World Investment Report 2018. Investment And New Industrial Policies. (2018) UNCTAD. Geneva. 193 p.

World Trade Statistical Review 2019. (2019) WTO. Geneva. 174 p.

Published

2021-03-03

How to Cite

Sutyrin, S., Guan, X., Jovanovic, M., Mashayekhi, M., Paugam, J.-M., Portansky, A., & Smeets, M. (2021). World Trade Organization: Quo vadis?. St Petersburg University Journal of Economic Studies, 36(4), 543–578. https://doi.org/10.21638/spbu05.2020.401

Issue

Section

Scientia discussio: pro et contra