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Books > Social sciences > Politics & government > Public administration
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Value Chains and WTO Disputes - Compliance at the dispute settlement mechanism (Hardcover, 1st ed. 2020)
Loot Price: R1,506
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Value Chains and WTO Disputes - Compliance at the dispute settlement mechanism (Hardcover, 1st ed. 2020)
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As economic populism and protectionism increasingly threatens the
global trade order, this book examines the behavior of World Trade
Organization (WTO) members at the judicial arm of the WTO-the
dispute settlement mechanism (DSM). The author explores why and
when governments cooperate at the WTO and comply with the ruling of
its panels, focusing on how the growth of global value chains
through the internationalization of trade and production has
increased the importance of both trade liberalization and
supra-national governance and policy-making. Finding that domestic
organized interests-i.e. firms and sectors-mobilize and lobby
national governments to change their domestic policies to better
harmonize with their international trade commitments, the author
outlines how the time it takes to comply with adverse WTO rulings
is shorter when the potential domestic costs of non-compliance
outweigh protectionist interests. The author's innovative research
design highlights the conditions under which the WTO can preserve
the rules of international trade and support a more open, global
economy.
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