Preventing the Bad from Getting Worse
The End of the World (Trade Organization) As We Know It
Bibliographic Data
| ID | 12199653 |
|---|---|
| Authors | Bernard M Hoekman (European University Institute), Bernard Hoekman (0000-0002-6839-7142, European University Institute, corresponding author), Petros C Mavroidis (Columbia Law School, New York, USA) |
| Year | 2021 |
| Publication date | 2021-06-22 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of International Law (JOURNAL) |
| Journal identifiers | ISSN: 0938-5428 • E-ISSN: 1464-3596 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/ejil/chab052 |
| OpenAlex | W3005964708 |
| Language | EN |
| Citations received | 2 |
Recent survey evidence illustrates that many World Trade Organization (WTO) members and trade practitioners believe that the WTO dispute settlement system needs improvement. We make several proposals to improve the operation of WTO conflict resolution, drawing on proposals made by WTO members in the long-running negotiations to improve WTO dispute settlement procedures. We argue that a focus on technical dimensions of dispute settlement is insufficient to prevent a steady decline in the salience of the organization. Revitalizing the WTO as a forum for rule-making is needed both to address the cross-border policy spillovers driving trade conflicts between the major trading powers and to improve WTO conflict resolution. Principals – WTO members – should accept that negotiations to clarify and extend existing rules must be an element of a robust system of dispute settlement and that bolstering WTO dispute settlement is a necessary condition for nascent efforts at plurilateral rule-making to be successful
Alternative dispute resolution · Business · Dispute mechanism · Dispute resolution · Economics · Element (criminal law · International trade · Law and economics · Negotiation · Political science · Salience (neuroscience · Settlement (finance · World trade · Computer Science · Global trade and economics · International Arbitration and Investment Law · World Trade Organization Law · Finance · Law
| Citations per year | 0.4 |
|---|---|
| Citation span | 2021 - 2026 (6) |
| Highly cited | No |