The editors have succeeded in bringing together an excellent mix of leading scholars and practitioners. No book on the WTO has had this wide a scope before or covered the legal framework, economic and political issues, current and would-be countries and a outlook to the future like these three volumes do. 3000 pages, 80 chapters in 3 volumes cover a very interdiscplinary field that touches upon law, economics and politics.
Questions of power are central to understanding global trade politics and no account of the World Trade Organization (WTO) can afford to avoid at least an acknowledgment of the concept. A closer examination of power can help us to explain why the structures and rules of international commerce take their existing forms, how the actions of countries are either enabled or disabled, and what distributional outcomes are achieved. However, within conventional accounts, there has been a tendency to either view power according to a single reading - namely the direct, coercive sense - or to overlook the concept entirely, focusing instead on liberal cooperation and legalization. In this book, Matthew Eagleton-Pierce shows that each of these approaches betray certain limitations which, in turn, have cut short, or worked against, more critical appraisals of power in transnational capitalism. To expand the intellectual space, the book investigates the complex relationship between power and legitimation by drawing upon Pierre Bourdieu's notion of symbolic power. A focus on symbolic power aims to alert scholars to how the construction of certain knowledge claims are fundamental to, and entwined within, the material struggle for international trade. Empirically, the argument uncovers and plots the recent strategies adopted by Southern countries in their pursuit of a more equitable trading order. By bringing together insights from political economy, sociology, and law, Symbolic Power in the WTO not only enlivens and enriches the study of diplomatic practice within a major multilateral institution, it also advances the broader understanding of power in world politics.
The World Trade Organization (WTO) is scarcely ten years old, but even in these early years of its existence it has generated debate, controversy and even outrage. This Very Short Introduction will provide a timely and carefully considered explanation of what the WTO is, what it does, and how it goes about executing its tasks. A clear understanding of the mandate, structure and functioning of the WTO is essential to appreciate the controversy behind the organization, and how far it deserves the reputation that it has come to acquire.
This book establishes a framework for analysis of the institutional and normative character of the WTO by locating the organization in a broader theory of international institutional law and in determining the basis for the conferral and exercise of powers in relation to its executive, legislative and adjudicative functions. The WTO is also read as an international regime in order to go beyond its formal legal and constitutional bases and to observe the Members' practice in the context of the former semi-institutionalised GATT treaty regime with which it retains strong links. WTO decision-making, which underpins and informs its institutional and normative acts, is analysed in order to better understand the dynamics of the organization. Normative developments in the WTO are reviewed from the perspective of the creation, maintenance and revision of legally binding and non-binding or 'soft' law norms, in the sense of principles, rules and standards contained in primary treaty rules, which set out the rights and obligations of the Members, and subsidiary rule-making activity by WTO bodies.
The Oxford Handbook on the World Trade Organization provides an authoritative and cutting-edge account of the World Trade Organization. Its purpose is to provide a holistic understanding of what the WTO does, how it goes about fulfilling its tasks, its achievements and problems, and how it might contend with some critical challenges. The Handbook benefits from an interdisciplinary approach. The editorial team comprises a transatlantic partnership between a political scientist, a historian, and an economist. The distinguished and international team of contributors to the volume includes leading political scientists, historians, economists, lawyers, and practitioners working in the area of multilateral trade. All the chapters present original and state-of-the-art research material. They critically engage with existing academic and policy debates, and also contribute to the evolution of the field by setting the agenda for current and future WTO studies.The Handbook is aimed at research institutions, university academics, post-graduate students, and final-year undergraduates working in the areas of international organization, trade policy and negotiations, global economic governance, and economic diplomacy. As such, it should find an enthusiastic readership amongst students and scholars in History, Economics, Political Science, International Relations, Public Policy, and Law. Equally important, the book should have direct relevance for diplomats, international bureaucrats, government officials, and other policy-makers and practitioners in the area of trade and economic governance.
This is primarily a textbook for graduate and upper-level undergraduate students of law. However, practising lawyers and policy-makers who are looking for an introduction to WTO law will also find it invaluable. The book covers both the institutional and substantive law of the WTO. While the treatment of the law is often quite detailed, the main aim of this textbook is to make clear the basic principles and underlying logic of WTO law and the world trading system. Each section contains questions and assignments, to allow students to assess their understanding and develop useful practical skills. At the end of each chapter there is a helpful summary, as well as an exercise on specific, true-to-life international trade problems.
This book examines, from the legal perspective, China's process of WTO accession, its commitments to the accession, the implications of such commitments for its trade and legal systems, and its efforts towards WTO compliance. It also discusses the issue of the capacity of the evolving Chinese legal system for ensuring compliance. In particular, the book probes into the trade and legal systems at the turn of the accession and evaluates selected trade and legal issues, including intellectual property, foreign investment law and settlement of trade disputes.
The Trade Policy Review Mechanism (TPRM) is a little-known but important activity of the World Trade Organization (WTO). Its purpose is to strengthen observance of WTO commitments and promote trade liberalization by providing all member countries with current and objective information about the trade policies and practices of each member individually and by establishing a forum within which members can question one another's policies and practices in a nonconfrontational manner. Since the TPRM was established in 1989 as one of the first fruits of the Uruguay Round of multilateral trade negotiations, some 80 trade policy reviews (TPRs) have been completed, covering nearly 60 countries. A review of the TPRM itself is therefore timely. In light of eight years of experience with the process, it is fair to ask whether the TPRM is meeting the goals set for it at its inception. Are the reviews sufficiently probing and analytical to provide information of real value? Do they cover all relevant aspectsof members' trade? Are they unbiased and objective? Does the WTO devote sufficient resources to the task of conducting the reviews-and to disseminating the information that they generate? Is the potential value of this information to those outside the trade negotiations process being realized? This monograph seeks to answer these questions and others.
The World Trade Organization is one of the most important yet least understood organizations in the world. As a lynchpin of globalization, the WTO allows us to enjoy products and services from around the world, but it also lays bare the frailty of many industries, in some cases leading to unemployment and even threatening social cohesion. In this beginner’s guide, Dr. David Collins explores the goals of the WTO and how these have created difficulties for its member countries as they adapt to the pressures of globalization. With high-profile case studies straight from the headlines and textboxes that clearly outline complex issues such as regional trade agreements and currency manipulation, this engaging and highly-informative book explains what the WTO does and how it fits into the world we know. Anti-globalizationists say it should expand its mandate to cover social issues that matter to real people but, as Collins shows, to pursue these goals would likely involve taking steps back from liberalizing international trade — the primary objective of the WTO and why the organization was created in the first place.