A key challenge confronting the World Trade Organization (WTO) is to address perceptions that it is not supportive of development. Should the WTO be limited to increasing market access opportunities and negotiating away policies that impose negative spillovers on other countries? Or should the future of the WTO depend on expanding its coverage and changing its modus operandi to more directly address development issues? This book addresses these questions by analyzing the various issues that are on the negotiating agenda of the WTO's Doha round including agriculture, intellectual property, competition policy, services, market access, and special and differential treatment.
'This is a critical period for the WTO and for realising the potential of trade as a driver of growth and poverty reduction. The world declared in 2001 that the Doha round should have a major focus on development. It is time for good intentions to be translated into solid multilateral agreements that promote development, and it is high time that the rich countries tore down their barriers. But trade agreements by themselves cannot guarantee growth and poverty reduction: aid for trade and internal reforms, including a positive investment climate, are needed too. On all this, detail matters and trade agreements are complex. This book provides an up-to-date, clear and thoughtful analysis of these crucial issues. It should be compulsory reading for all those who are concerned with taking forward the agenda on trade and development in a constructive way.' - Sir Nicholas Stern, FBA, Second Permanent Secretary to Her Majesty's Treasury, Head of the Government Economic Service
'[P]rovides policy-makers and trade scholars with accessible yet in-depth analyses of the relationship between global trade agreements and development.' - World Trade Review
Introduction and Overview; S.J.Evenett & B.M.Hoekman
PART 1: POLITICAL ECONOMY OF MARKET ACCESS
Reforming Agricultural Policies in the Doha Round; P.Messerlin
The Structure of Lobbying and Protection in U.S. Agriculture; K.Gawande
Formula Approaches to Liberalizing Trade in Goods: Efficiency and Market Access Considerations; J.Francois, W.Martin & V.Manole
Services Policy Reform and Commitments in Trade Agreements: An Analysis of Transition Economies; F.Eschenbach
PART 2: DEVELOPMENT AND THE TRADE REGIME
Special and Differential Treatment in the WTO: Why, When and How?; A.Keck & P.Low
Unilateral Preference Programs: The Evidence; Ç.Özden & E.Reinhardt
Mainstreaming Economic Development in the Trading System; F.Ismail
'Aid for Trade' Increasing Support for Trade Adjustment and Integration: A Proposal; S.Prowse
PART 3: RULES AND ENFORCEMENT
Trade Facilitation and the WTO; K.Lucenti
Investment Incentives and Multilateral Disciplines; B.V.R.Subrahmanyam
Economic Perspectives on a Multilateral Agreement on Open Access to Basic Science and Technology; J.Barton & K.Maskus
Monitoring Implementation: Japan and the WTO Agreement on Government Procurement; S.J.Evenett & A.Shingal
The Case for Tradable Remedies in WTO Dispute Settlement; K.Bagwell, B.Staiger & P.Mavroidis
PART 4: ISSUE LINKAGE
Do We Need an Undertaker for the Single Undertaking? Angles of Variable Geometry; P.Levy
International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate; B.M.Hoekman & K.Saggi
SIMON J. EVENETT is a University Lecturer at the SaId Business School and Fellow of Corpus Christi College, University of Oxford, UK, and Economist in the Development Economics Research Group at the World Bank. Prior to joining the Bank, he was Director of Economic Research at the World Trade Institute in Berne, Switzerland. He is co-editor of Can East Asia Compete?: Innovation for Global Markets, Local Dynamics in an Era of Globalization: 21st Century Catalysts for Development, Antitrust Goes Global: What Future for Transatlantic Cooperation, and Facets of Globalization: International and Local Dimensions of Development.
BERNARD M. HOEKMAN, a CEPR (Centre for Economic and Policy Research) Research Fellow, is the World Bank's Research Manager of International Trade in the Development Research Group and Senior Economist in the Bank's International Economics Department, USA. A former member of the GATT Secretariat, he is the co-author of The Political Economy of the World Trading System: From GATT to WTO, and co-editor of Turkey: Economic Reform and Accession to the European Union and Development, Trade and the WTO and Global Integration and Development.
Description
A key challenge confronting the World Trade Organization (WTO) is to address perceptions that it is not supportive of development. Should the WTO be limited to increasing market access opportunities and negotiating away policies that impose negative spillovers on other countries? Or should the future of the WTO depend on expanding its coverage and changing its modus operandi to more directly address development issues? This book addresses these questions by analyzing the various issues that are on the negotiating agenda of the WTO's Doha round including agriculture, intellectual property, competition policy, services, market access, and special and differential treatment.
Reviews
'This is a critical period for the WTO and for realising the potential of trade as a driver of growth and poverty reduction. The world declared in 2001 that the Doha round should have a major focus on development. It is time for good intentions to be translated into solid multilateral agreements that promote development, and it is high time that the rich countries tore down their barriers. But trade agreements by themselves cannot guarantee growth and poverty reduction: aid for trade and internal reforms, including a positive investment climate, are needed too. On all this, detail matters and trade agreements are complex. This book provides an up-to-date, clear and thoughtful analysis of these crucial issues. It should be compulsory reading for all those who are concerned with taking forward the agenda on trade and development in a constructive way.' - Sir Nicholas Stern, FBA, Second Permanent Secretary to Her Majesty's Treasury, Head of the Government Economic Service
'[P]rovides policy-makers and trade scholars with accessible yet in-depth analyses of the relationship between global trade agreements and development.' - World Trade Review
Contents
Introduction and Overview; S.J.Evenett & B.M.Hoekman
PART 1: POLITICAL ECONOMY OF MARKET ACCESS
Reforming Agricultural Policies in the Doha Round; P.Messerlin
The Structure of Lobbying and Protection in U.S. Agriculture; K.Gawande
Formula Approaches to Liberalizing Trade in Goods: Efficiency and Market Access Considerations; J.Francois, W.Martin & V.Manole
Services Policy Reform and Commitments in Trade Agreements: An Analysis of Transition Economies; F.Eschenbach
PART 2: DEVELOPMENT AND THE TRADE REGIME
Special and Differential Treatment in the WTO: Why, When and How?; A.Keck & P.Low
Unilateral Preference Programs: The Evidence; Ç.Özden & E.Reinhardt
Mainstreaming Economic Development in the Trading System; F.Ismail
'Aid for Trade' Increasing Support for Trade Adjustment and Integration: A Proposal; S.Prowse
PART 3: RULES AND ENFORCEMENT
Trade Facilitation and the WTO; K.Lucenti
Investment Incentives and Multilateral Disciplines; B.V.R.Subrahmanyam
Economic Perspectives on a Multilateral Agreement on Open Access to Basic Science and Technology; J.Barton & K.Maskus
Monitoring Implementation: Japan and the WTO Agreement on Government Procurement; S.J.Evenett & A.Shingal
The Case for Tradable Remedies in WTO Dispute Settlement; K.Bagwell, B.Staiger & P.Mavroidis
PART 4: ISSUE LINKAGE
Do We Need an Undertaker for the Single Undertaking? Angles of Variable Geometry; P.Levy
International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate; B.M.Hoekman & K.Saggi
Authors
SIMON J. EVENETT is a University Lecturer at the SaId Business School and Fellow of Corpus Christi College, University of Oxford, UK, and Economist in the Development Economics Research Group at the World Bank. Prior to joining the Bank, he was Director of Economic Research at the World Trade Institute in Berne, Switzerland. He is co-editor of Can East Asia Compete?: Innovation for Global Markets, Local Dynamics in an Era of Globalization: 21st Century Catalysts for Development, Antitrust Goes Global: What Future for Transatlantic Cooperation, and Facets of Globalization: International and Local Dimensions of Development.
BERNARD M. HOEKMAN, a CEPR (Centre for Economic and Policy Research) Research Fellow, is the World Bank's Research Manager of International Trade in the Development Research Group and Senior Economist in the Bank's International Economics Department, USA. A former member of the GATT Secretariat, he is the co-author of The Political Economy of the World Trading System: From GATT to WTO, and co-editor of Turkey: Economic Reform and Accession to the European Union and Development, Trade and the WTO and Global Integration and Development.
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