The World Trade Organization: Theory and Practice
Posted: 18 Oct 2010
Date Written: March 2010
Abstract
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, the General Agreement on Tariffs and Trade (GATT), and review recent developments in the relevant theoretical and empirical literature. We describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the existing literature provides a useful framework for understanding and interpreting central features of the design and practice of the GATT/WTO, and we identify key unresolved issues.
Suggested Citation: Suggested Citation
Bagwell, Kyle and Staiger, Robert W., The World Trade Organization: Theory and Practice (March 2010). Annual Review of Economics, Vol. 2, pp. 223-256, 2010, Available at SSRN: https://ssrn.com/abstract=1693052 or http://dx.doi.org/10.1146/annurev.economics.102308.124500
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