Whos Afraid of the WTO? by Kent Jones

Whos Afraid of the WTO?

byKent Jones

Hardcover | January 14, 2004

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Who is afraid of the WTO, the World Trade Organization? The list is long and varied. Many workers--and the unions that represent them--claim that WTO agreements increase import competition and threaten their jobs. Environmentalists accuse the WTO of encouraging pollution and preventinggovernments from defending national environmental standards. Human rights advocates block efforts to impose trade sanctions in defense of human rights. While anti-capitalist protesters regard the WTO as a tool of big business--particularly of multinational corporations--other critics charge the WTOwith damaging the interests of developing countries by imposing free-market trade policies on them before they are ready. In sum, the WTO is considered exploitative, undemocratic, unbalanced, corrupt, or illegitimate. This book is in response to the many misinformed, often exaggerated arguments leveled against the WTO. Kent Jones explains in persuasive and engaging detail the compelling reasons for the WTO's existence and why it is a force for progress toward economic and non-economic goals worldwide. Althoughprotests against globalization and the WTO have raised public awareness of the world trading system, they have not, Jones demonstrates, raised public understanding. Clarifying the often-muddled terms of the debate, Jones debunks some of the most outrageous allegations against the WTO and argues thatglobal standards for environmental protection and human rights belong in separate agreements, not the WTO. Developing countries need more trade, not less, and even more importantly, they need a system of rules that gives them--the smaller, weaker, and more vulnerable players in world trade--the bestpossible chance of pursuing their trade interests among the larger and more powerful developed countries. Timely and important, Who's Afraid of the WTO? provides an overview of the most important aspects of the world trading system and the WTO's role in it while tackling the most popular anti-WTO arguments. While Jones does not dismiss the threat that recent political protests pose for the worldtrading system, he reveals the fallacies in their arguments and presents a strong case in favor of the WTO.

About The Author

Kent Albert Jones, Professor of Economics, has taught at Babson College since 1983. He specializes in international trade policy, and is the author of Export Restraint and the New Protectionism and Politics vs. Economics in World Steel Trade, as well as numerous articles in academic journals.
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Details & Specs

Title:Whos Afraid of the WTO?Format:HardcoverDimensions:248 pages, 6.3 × 9.29 × 0.98 inPublished:January 14, 2004Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195166167

ISBN - 13:9780195166163

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"Professor Jones' excellent study should serve to dispel many of the fears and misconceptions surrounding the WTO, at least on part of those who are prepared to learn about that Organization. He provides a clear description of what the WTO is, namely an intergovernmental organization thatworks on the basis of consensus, as well as what it is not, namely a self-motivated juggernaut taking decisions on its own and imposing them on poor countries. He also makes clear that the process of trade liberalization based on the WTO is a critical element, though not sufficient in and of itself,in achieving economic development and the attendant increase in living standards, labor rights, and environmental protection in the developing world. Finally, he provides some excellent suggestions for WTO members on how they can supplement its work, outside the WTO itself, to satisfy the concernsexpressed by some of its critics." - Thomas M. T. Niles, President, United States Council for International Business