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The High and Low Politics of Trade
Report

The High and Low Politics of Trade

Can the World Trade Organization’s Centrality Be Restored in a New Multi-Tiered Global Trading System?

World Economic Forum
World Economic Forum, 2015
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

The World Trade Organization (WTO) is losing its position as the center of global trade governance. Without its leadership, regional trade agreements have taken over. Many “formerly dominant” nations are concerned that current global trade rules largely benefit emerging economies, but developing countries insist that poverty and food security should remain top priorities. The World Economic Forum presents a strong argument for a return to WTO centrality. getAbstract recommends this nuanced, multidimensional report to government and corporate policy-makers.

Take-Aways

  • With the World Trade Organization (WTO) mired in Doha Round negotiations, the new rules of global trade are emerging without the aid of a central authority.
  • Trade specialization functions best in a stable economic environment with guaranteed access to markets. General Agreements on Tariffs and Trade rules traditionally provided this stability.
  • Because dominant powers are creating new global trade rules, developing nations fear being left out.

About the Author

The World Economic Forum is an international, nonprofit organization devoted to improving the world through public-private cooperation.

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