The Role of the World Trade Organization in Global Governance

Overview
  • Edited Gary P. Sampson

    role of wto fin
    PUBLICATION DATA:
    ISBN-10: 92-808-1055-3,
    ISBN-13: 978-92-808-1055-4
    LANGUAGE:
    English
    PAGES:
    306
    PUBLISHER:
    United Nations University Press
    PUBLISHED:
    August 2001

    The World Trade Organization is a major player in the field of global governance. Since its creation in January 1995, it has expanded the reach of trade rules deep into the regulatory structure of almost 140 sovereign states, affecting the daily lives of all citizens. As a result, it has found itself at the centre of controversy in areas that are well outside the domain of traditional trade policy. The response of public interest groups in Seattle and elsewhere has been to demand a role in WTO processes and for the WTO to undertake major reforms.

    Reform will not come easily. The architects of the WTO are proud of having created what they consider to be a major achievement in institutionalized global economic cooperation. They point to the success of the WTO in doing what governments wanted it to do: to reduce barriers to trade and to conduct that trade according to agreed rules.

    The central question is how wise policy makers should respond to the pressures now falling on the WTO system while ensuring the preservation of a trading system that has led to unprecedented growth in the world economy and contributed to the peaceful coexistence of nations. This question is addressed in this book. A number of prominent personalities representing a broad spectrum of interests in the field of international policy-making, and with a strong interest in a well-functioning trading system, offer their views on the role of the WTO in Global Governance.

    Gary P. Sampson worked at UNCTAD from 1975 to 1983. From 1984 to 1986 he was Senior Fellow in Economic Policy at the Reserve Bank of Australia and Professorial Fellow at the Centre of Policy Studies at Monash University. In 1987, he was appointed Director at the GATT and in 1995 Director at the WTO. He is currently on leave from the WTO. He holds the posts of Professor of International Economic Governance at the Institute of Advanced Studies at the United Nations University and Visiting Academic at the London School of Economics. He teaches on a regular basis at the Melbourne Business School and INSEAD in France. He has written extensively on areas relating to international economic governance and his most recent book is entitled Trade, Environment and the WTO: the Post Seattle Agenda.

    Table of Contents:

    Overview
    - Laying the Foundations of a Fair and Free world Trade system
    - Balancing Competing Interests: The Future Role of the WTO
    - Rebuilding Confidence in the Multilateral Trading System: Closing the “Legitimacy Gap”
    - Making the development Round a reality
    - Challenges Facing the WTO and Policies to Address Global Governance
    - Public Participation in the World Trade Organisation
    - The relationship between Trade and Environment Regimes: What Needs to Change?
    - What the World Needs from the Multilateral trading System
    - Making the Global economy work for Human Rights
    - Health, Equity and Trade: A failure in Global Governance
    - Building a WTO that can Contribute Effectively to Economic and Social Development Worldwide
    - Trade Rules after Seattle: a Business Perspective

    Contributors:

    Hans van Ginkel
    Kofi Annan
    Supachai Panitchpakdi
    Rubens Ricupero
    Clare Short
    Peter Sutherland
    John Sewell
    David Weiner
    Frank Loy
    Claude Martin
    Jose Maria figueres Olsen
    Jose Manuel Salazar-Xirinachs
    Monica Ara
    Martin Wolf
    Mary Robinson
    James Orbinski
    Bill Jordan
    Maria Livanos Cattaui