Until the beginning of this century, the GATT/WTO system worked. Economic research provided a compelling explanation. It showed that if governments maximize the well-being of their own countries broadly defined, GATT/WTO principles would facilitate mutually beneficial cooperation over their trade policy choices. Now heightened geopolitical rivalry seems to have undermined the WTO. A simple transposition of the previous rationalization suggests that...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2024/12/19
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Рабочий документ в рамках исследования вопросов политики
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WPS11009
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1
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2024/12/23
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Disclosed
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Geopolitics and the World Trading System