Economics, Econometrics and Finance
8 years ago

WTO Reforms Fail to Deliver on Development Promises for Poorer Nations

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Oxford University Press eBooks
Institutional Friction in the Doha Development Round
Kent Jones

Paper Summary

The WTO was created to make global trade fairer and more open, but changes from the older GATT system caused problems in negotiations, known as "institutional friction". Developing countries played a big role but didn't benefit much, leading to issues in the Doha Round. The failures of this round can be traced back to the ambitious Uruguay Round.

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