The Political Economy of the World Trading System: The WTO and Beyond

Hardcover | June 1, 2001

byBernard Hoekman, Michel Kostecki

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The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics, and politics of the world trading system. The second edition has been expanded and updated to cover the period since the creation of the World Trade Organization in1995, presenting the essentials of multilateral trade negotiations and the prevailing WTO rules and disciplines. The authors focus in particular on the WTO's role as the primary organization through which trading nations manage their commercial interactions and the focal point for policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalizationprocess are considered, and it currently faces an unprecedented set of challenges. Civil society and developing country demands for greater accountability, access, and balance are discussed in some detail, since these will be critical for the operation of the system and for international business inthe years to come. This edition also includes a new chapter and numerous real-world examples to illustrate how the WTO impinges on business, written from the perspective of managers and industry associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the negotiational workings of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive current bibliography make thevolume suitable for both introductory and postgraduate courses on international economics and business, international relations, and international economic law.

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The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics, and politics of the world trading system. The second edition has been expanded and updated to cover the period since the creation of the World Trade Organization in1995, presenting the essentials of multilate...

Bernard Hoekman is a Principal Trade Economist, World Bank, and Research Fellow at Centre for Economic Policy Research. Michel Kostecki is a Professor of Business Economics and Marketing at the Universite de Neuchatel.

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Format:HardcoverDimensions:570 pages, 9.21 × 6.14 × 1.34 inPublished:June 1, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198294344

ISBN - 13:9780198294344

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Table of Contents

IntroductionPart I. The Global Trading System1. The Trading System in Perspective. Part II. The Institution2. The World Trade Organization. 3. Dispute Settlement and Enforcement of Rules. 4. Negotiating Forum. Part III. The Multilateral Trade Agreements5. Trade in Goods. 6. Sector-Specific Multilateral Trade Agreements. 7. Trade in Services. 8. Intellectual Property Rights. Part IV. Holes and Loopholes9. Safeguards. 10. Regional Integration. 11. Plurilateral Agreements. Part V. Improving the Trading System12. Developing Countries and Economies in Transition. 13. Beyond the Border: Domestic Regulation and National Preferences. 14. Domestic Stakeholders, Transparency and Legitimacy. 15. Governance, Ownership, Coherence and the Global Public Good.