The World Trade Organization is undergoing an existential crisis.
Trade links the world not only through the flow of international
commerce in goods, services, and ideas; but also through its
economic, environmental, and social impacts. Trade links are
supported by a WTO trading system founded on rules established in
the 20th century which do not account for all the modern changes in
the global economy. James Bacchus, a founder of the WTO, posits
that this global organization can survive and continue to succeed
only if the trade links among WTO members are revitalized and
reimagined. He explains how to bring the WTO into the twenty-first
century, exploring the ways it can be utilized to combat future
pandemics and climate change and advance sustainable development,
all while continuing to foster free trade. This book is among the
first to comprehensively explain the new trade rules needed for our
new world.
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