Trade multilateralism in the twenty-first century faces a serious
test as weakness in the global economy and fast-paced technological
changes create a challenging environment for world trade. This book
examines how an updated and robust, rules-based multilateral
framework, anchored in the WTO, remains indispensable to maximizing
the benefits of global economic integration and to reviving world
trade. By examining recent accessions to the WTO, it reveals how
the growing membership of the WTO has helped to support domestic
reforms and to strengthen the rules-based framework of the WTO. It
argues that the new realities of the twenty-first century require
an upgrade to the architecture of the multilateral trading system.
By erecting its 'upper floors' on the foundation of existing trade
rules, the WTO can continue to adapt to a fast-changing environment
and to maximize the benefits brought about by its ever-expanding
membership.
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