The Multilateral Trading System

Goldman School of Public Policy Working Paper No. GSPP11-002

57 Pages Posted: 14 Mar 2011

See all articles by Robert M. Stern

Robert M. Stern

University of Michigan at Ann Arbor - Department of Economics

Date Written: February 23, 2011

Abstract

This paper traces the evolution of the global trading system from the 19th century to the present-day GATT/WTO arrangements, calling attention to the key roles of reciprocity and non-discrimination and taking note of how the system is now challenged by the new paradigm of global market integration. The main features of the WTO are described, the boundaries of the WTO identified, and how the expansion of these boundaries may result in the over-extension and weakening of the effectiveness of the WTO.

Keywords: GATT/WTO, reciprocity, non-discrimination, global market integration

JEL Classification: F02, F10, F13

Suggested Citation

Stern, Robert M., The Multilateral Trading System (February 23, 2011). Goldman School of Public Policy Working Paper No. GSPP11-002, Available at SSRN: https://ssrn.com/abstract=1783908 or http://dx.doi.org/10.2139/ssrn.1783908

Robert M. Stern (Contact Author)

University of Michigan at Ann Arbor - Department of Economics ( email )

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