The Political Economy of the World Trading System: The WTO and Beyond

The Political Economy of the World Trading System: The WTO and Beyond
ISBN-10
0198294344
ISBN-13
9780198294344
Series
The Political Economy of the World Trading System
Category
Political Science
Pages
547
Language
English
Published
2001
Publisher
Oxford University Press on Demand
Authors
Bernard M. Hoekman, M. M. Kostecki

Description

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. The second edition has been expanded and updated to cover the period since the creation of the World Trade Organization in 1995, presenting the essentials of multilateral trade negotiations and the prevailing WTO rules and disciplines. The authors focus in particular on the WTO's role as the primary organization through which trading nations manage their commercial interactions and the focal point for policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalization process are considered, and it currently faces an unprecedented set of challenges. Civil society and developing country demands for greater accountability, access, and balance are discussed in some detail, since these will be critical for the operation of the system and for international business in the years to come. This edition also includes a new chapter and numerous real-world examples to illustrate how the WTO impinges on business, written from the perspective of managers and industry associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the negotiational workings of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensivecurrent bibliography make the volume suitable for both introductory and postgraduate courses on international economics and business, international relations, and international economic law.

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