Economics, Econometrics and Finance
4 years ago

Global trade faces unprecedented challenges as WTO grapples with changing dynamics

OUP Catalogue
The Political Economy of the World Trading System
Bernard Hoekman, Michel M. Kostecki

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The Political Economy of the World Trading System" is a textbook that explains how the World Trade Organisation (WTO) works and its impact on global trade. The authors discuss the challenges the WTO faces, such as trade conflicts and the rise of regional trade agreements. They also highlight the role of business groups and NGOs in shaping trade policies. Real-world examples show how the WTO affects businesses, workers, and households. The book is suitable for students studying international economics, business, and law, providing a non-technical analysis of the WTO's operations.