Economics, Econometrics and Finance
8 years ago

WTO's Limited Role: Can't Save Us, But Keeps Trade Focused

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Cato Journal
The Limited but Important Role of the WTO
William H. Lash

Paper Summary

The World Trade Organization aims to remove trade barriers and resolve disputes between member states. It is limited by the vision and expertise of the trade community. Consensus and expertise play key roles in shaping the WTO's functions. The WTO has expanded its scope to include agriculture, investment, services, and intellectual property over its 50-year history.

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