Sustaining multilateral trade cooperation in a multipolar world economy

  title={Sustaining multilateral trade cooperation in a multipolar world economy},
  author={Bernard Hoekman},
  journal={The Review of International Organizations},
  • B. Hoekman
  • Published 1 November 2013
  • Economics
  • The Review of International Organizations
The deadlock in the WTO Doha Round has been accompanied by an increased focus on the negotiation of preferential trade agreements, including so-called ‘mega-regionals’. This paper discusses possible implications for—and possible responses by—excluded countries that have little prospects of participating in most of the mega-regionals. A number of complementary avenues are identified through which such countries might attenuate the potential downsides of preferential trade liberalization among… 

Multilateral trade cooperation post- Bali : three suggestions

Efforts to negotiate liberalisation and new rules of the game have increasingly shifted away from the WTO. Major preferential trade agreements are being negotiated among small groups of countries,

The G20 and the global trading system : leveraging the Asia-pacific experience

There is a growing disconnect between the need to bolster the multilateral trading system and the willingness of the world’s major economies to cooperate to do so. Concerted action on trade reform

Economic Cooperation in the Asia-Pacific and the Global Trading System

The global trading system has underpinned huge growth in trade and the integration of economies that have signed on to it, whether they are political allies or not—none more so than in the

Breaking Gridlock: How Path Dependent Layering Enhances Resilience in Global Trade Governance

What are the implications of the proliferating preferential trade agreements (PTAs) for the liberal trade order? Many scholars and practitioners see large increases in PTAs as a destabilizing factor

Embracing Diversity: Plurilateral Agreements and the Trading System*

Abstract Plurilateral agreements in the WTO context allow sub-sets of countries to agree to commitments in specific policy areas that only apply to signatories, and thus allow for ‘variable geometry’

Introduction to the special issue on the political economy of multilateral trade negotiations

Multilateral trade negotiations (MTNs) are on life support. 1 The Doha Round of negotiations launched in 2001 has missed most of the targets set in the “July Package” of 2004. If the success of the

Supply Chains, Mega-Regionals and Multilateralism: A Road Map for the WTO

At the 9th Ministerial Conference of the WTO in Bali it was agreed to develop a work program to conclude the long-running Doha round. This report argues that any work program should recognize that

The Role of An Environmental Goods Agreement in the Quest to Improve the Regime Complex for Climate Change

The environment-trade nexus requires action. Environmentalists have claimed that the interests of the trade community, as represented at the WTO, would trump environmental concerns while trade

Post-Brexit Trade Policy Autonomy as Pyrrhic Victory: Being a Middle Power in a Contested Trade Regime

Abstract The Leave camp and prominent Brexiteers typically present regaining political control over international trade policy after Brexit as one advantage of leaving the European Union. A newly

Systemic Issues for Commonwealth Small States in the Current Functioning of the WTO

Small states face significant hurdles in securing the potential benefits of trade to their economies and in protecting themselves against trade practices and rules that harm their interests. This



Issue Linkage and Issue Tie-In in Multilateral Negotiations

Abstract We describe a model of international, multidimensional policy coordination where countries can enter into selective and separate agreements with different partners along different policy

Economic Development and Multilateral Trade Cooperation

How can international trade agreements promote development and how can rules be designed to benefit poor countries? Can multilateral trade cooperation in the World Trade Organization (WTO) help

Liberalizing Trade in Services: Lessons from Regional and WTO Negotiations

Liberalization of trade and investment in services through trade agreements has progressed less than trade in goods. We review the limited progress achieved to date in the WTO and major regional

Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements

There is a growing concern that Preferential Trading Agreements (PTAs) go far beyond the scope of current WTO agreements, maybe creating unfair trade relations. This Blueprint looks in detail at all

Regional Trade Agreements

This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in

Regionalism in Standards: Good or Bad for Trade?

Regional agreements on standards have been largely ignored by economists and unconditionally blessed by multilateral trade rules. The authors find, theoretically and empirically, that such agreements

From Doha to the Next Bretton Woods : A New Multilateral Trade Agenda

When the Doha Round of multilateral trade negotiations was launched, in 2001, the price of oil was $25 a barrel, a ton of rice cost $170, Chinas current account surplus was two percent of the

Always look at the bright side of non-delivery: WTO and Preferential Trade Agreements, yesterday and today

Abstract The disciplining of Preferential Trade Agreements (PTAs) by the WTO has been ‘relaxed’ recently as a result of the new context (the Transparency Mechanism) within which notified PTAs are

First Diagnose, Then Treat: What Ails the Doha Round?

Abstract The commonplace tendency is to blame the difficulties of the Doha Round of multilateral trade negotiations on the World Trade Organization (WTO) itself. In contrast, I suggest in the first

The political economy of the world trading system

The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been