The World Trade Organization: Theory and Practice

Posted: 18 Oct 2010

See all articles by Kyle Bagwell

Kyle Bagwell

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Robert W. Staiger

Stanford University; University of Wisconsin - Madison - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: March 2010

Abstract

We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, the General Agreement on Tariffs and Trade (GATT), and review recent developments in the relevant theoretical and empirical literature. We describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the existing literature provides a useful framework for understanding and interpreting central features of the design and practice of the GATT/WTO, and we identify key unresolved issues.

Suggested Citation

Bagwell, Kyle and Staiger, Robert W., The World Trade Organization: Theory and Practice (March 2010). Annual Review of Economics, Vol. 2, pp. 223-256, 2010, Available at SSRN: https://ssrn.com/abstract=1693052 or http://dx.doi.org/10.1146/annurev.economics.102308.124500

Kyle Bagwell (Contact Author)

Stanford University - Department of Economics ( email )

Landau Economics Building
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Stanford, CA 94305-6072
United States

National Bureau of Economic Research (NBER)

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Robert W. Staiger

Stanford University ( email )

Stanford, CA 94305
United States

University of Wisconsin - Madison - Department of Economics ( email )

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Madison, WI 53706
United States
608-262-2265 (Phone)

National Bureau of Economic Research (NBER)

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United States

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