Why the WTO is bad?
Sheila Page examined five common criticisms of the WTO:
- First, critics argued that multi-lateral trade agreements made poor countries worse off. ...
- Second, it was argued that the WTO prevented countries from following the same protectionist route that had been followed by developed countries. ...
- Third, it was argued that GATS forced countries to liberalise services. ...
Does WTO Dispute Settlement enforce or inform?
for the argument that WTO dispute settlement primarily serves as an enforcement device. It finds much less support for the argument that dispute settlement reduces complexity and clarifies trade law. These results suggest that the role of WTO dispute settlement in generating information on acceptable
Is the use of the WTO Dispute Settlement system biased?
The larger trading nations have been the main users of the WTO Dispute Settlement system during its first four years of existence (1995-1998). This has prompted a debate about whether the DS system is biased against smaller and poorer countries, for example, because of a lack of legal capacities and retaliatory power.
Is the WTO still relevant?
The multilateral trading system embodied by the WTO remains critical to maintaining global interdependence, something that is vital to the economic and security interests of the United States and the rest of the world.
