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The World Trade Organizationbackbone of todays international commercial relationsrequires member countries to self-enforce exporters access to foreign markets. Its dispute settlement system is the crown jewel of the international trading system, but its benefits still fall disproportionately to wealthy nations. Could the system be doing more on behalf of developing countries? In Self-Enforcing Trade, Chad P. Bown explains why the answer is an emphatic yes.Bown argues that as poor countries look to the benefits promised by globalization as part of their overall development strategy, they increasingly require access to the WTO dispute settlement process to protect their trading interests. Unfortunately, the practical realities of WTO dispute settlement as it currently stands create a number of hurdles thatprevent developing countries from enjoying the trading systems full benefits. This book confronts these challenges.Self-Enforcing Trade examines the WTOs extended litigation process, highlighting the tangle of international economics, law, and politics that participants must master. He identifies the costs that prevent developing countries from disentangling theself-enforcement process and fully using the WTO system as part of their growth strategies. Bown assesses recent efforts to help developing countries overcome those costs, including the role of the Advisory Centre on WTO Law and development focusedNGOs. Bowns proposed Institute for Assessing WTO Commitments tackles the largest remaining obstacle currently limiting developing country engagement in the WTOs selfenforcement processa problematic lack of information, monitoring, and surveillance.
Brookings Institution Press; October 2009
- ISBN: 9780815704188
- Read online
- Title: Self-Enforcing Trade
- Author: Chad P. Bown
Imprint: Brookings Institution Press