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The Bark Is Worse Than the Bite

New WTO Law and Late Industrialization

Bibliographic Data

ID9748147
AuthorsAlice H Amsden (Massachusetts Institute of Technology, corresponding author), Takashi Hikino (Kyoto University)
Year2000
Volume570
Issue1
Pages104-114
Publication date2000-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Annals of the American Academy of Political and Social Science (JOURNAL)
Journal identifiersISSN: 0002-7162 • E-ISSN: 1552-3349
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/000271620057000108
OpenAlexW1997143409
LanguageEN
Citations received41
References cited6

In spite of (or because of?) the successful industrialization of leading latecomers under a set of institutions that had deviated from free-market norms, by the 1990s the global economic order had formed around rather orthodox neoliberal principles. At close examination, however, the new rules of the World Trade Organization, a symbol of neoliberalism, are flexible and allow countries to continue to promote their industries under the banner of promoting science and technology. The success formula of late industrialization—allocating subsidies in exchange for monitorable, result-oriented performance standards—is still condoned. The problems bedeviling latecomers today are not formal legal constraints but informal political pressures exerted by North Atlantic economies in favor of radical market opening. Latecomers lack a vision to guide them in responding to this pressure

Banner · Bark (sound · Business · Economics · Geography · Industrialisation · Market economy · Neoliberalism (international relations · Order (exchange · Political economy · Political science · Politics · Subsidy · Finance · Forestry · Global trade and economics · International Development and Aid · Law · World Trade Organization Law

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Unique citing works26
Citations per year1,71
Citation span2002 - 2025 (24)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 40
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