Publication:
What’s Left for the WTO?

Simple item page
dc.contributor.authorBown, Chad P.
dc.date.accessioned2015-12-18T22:30:20Z
dc.date.available2015-12-18T22:30:20Z
dc.date.issued2015-12
dc.description.abstractSuppose that when addressing the question of “what’s left for the WTO?,” tariff negotiators relied not on the agenda established in 2001 but instead on the terms-of-trade theory of trade agreements to identify negotiating priorities. This paper uses the lens of the terms-of-trade theory to investigate three areas in which it is frequently alleged that currently applied tariffs remain “too high”; the implication being that the WTO’s job performance to date is incomplete. This includes applied tariffs for countries that are not members of the WTO, applied MFN tariffs for WTO members that are unbound, and applied MFN tariffs for WTO members set in the presence of large amounts of tariff binding overhang. These are almost exclusively the domain of developing countries’ own trade policies and they are collectively important; 3.5 billion people currently live in countries in which the WTO has had minimal effect for one of these three reasons. This paper builds upon recent developments in the empirical literature to present evidence—some direct, some indirect—that sheds light on each area. It then identifies specific needs for additional research to clarify policy implications for the future role of the WTO in the ever-changing international trading system.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/12/25512759/what’s-left-wto
dc.identifier.doi10.1596/1813-9450-7502
dc.identifier.urihttps://hdl.handle.net/10986/23468
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7502
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectURUGUAY ROUND
dc.subjectEXPORT MARKETS
dc.subjectECONOMIC GROWTH
dc.subjectMULTILATERAL TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectTRADE NEGOTIATIONS
dc.subjectSUNK COSTS
dc.subjectTRADE POLICY REVIEW MECHANISM
dc.subjectDISPUTE SETTLEMENT
dc.subjectINCOME
dc.subjectEXPECTATIONS
dc.subjectIMPORTING COUNTRIES
dc.subjectCOUNTERVAILING DUTIES
dc.subjectINTERNATIONAL TRADING SYSTEM
dc.subjectTRADE BARRIERS
dc.subjectINTERNATIONAL ORGANIZATIONS
dc.subjectREAL GDP
dc.subjectDISPUTE SETTLEMENT PROCEDURES
dc.subjectEXPORTS
dc.subjectNATIONAL TREATMENT
dc.subjectELASTICITY
dc.subjectTRADE FLOWS
dc.subjectPOLITICAL ECONOMY
dc.subjectWELFARE
dc.subjectACCESSION NEGOTIATIONS
dc.subjectINCENTIVES
dc.subjectNEGATIVE RELATIONSHIP
dc.subjectTRADE NEGOTIATORS
dc.subjectVARIABLES
dc.subjectIMPORTED PRODUCTS
dc.subjectRECENT ACCESSION
dc.subjectMARKET ACCESS
dc.subjectFREE TRADE
dc.subjectINTERNATIONAL BANK
dc.subjectEXPORT SUBSIDIES
dc.subjectTRADE AGREEMENTS
dc.subjectTRADE BARRIER
dc.subjectEXPORTING COUNTRY
dc.subjectDEVELOPMENT
dc.subjectPREFERENTIAL TRADE AGREEMENTS
dc.subjectTRADE SYSTEM
dc.subjectWTO ACCESSION
dc.subjectMARKET ACCESS COMMITMENTS
dc.subjectGLOBAL ECONOMY
dc.subjectMULTILATERAL SYSTEM
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectEXPORT GROWTH
dc.subjectECONOMIC COOPERATION
dc.subjectEXCHANGE RATES
dc.subjectCUSTOMS
dc.subjectCONTRACTING PARTIES
dc.subjectEXTERNALITIES
dc.subjectFAILURES
dc.subjectIMPORT PROTECTION
dc.subjectFREE RIDER PROBLEM
dc.subjectWTO
dc.subjectDEVELOPMENT ROUND
dc.subjectTRADE THEORY
dc.subjectTRADE’ THEORY
dc.subjectTRADE DISPUTES
dc.subjectFREE RIDER
dc.subjectTRADE POLICY
dc.subjectDIRECT INVESTMENT
dc.subjectPOLITICAL FACTORS
dc.subjectWTO MEMBERSHIP
dc.subjectACCESSION
dc.subjectTRADE POLICIES
dc.subjectANTIDUMPING LAWS
dc.subjectUNEMPLOYMENT
dc.subjectEXTERNALITY
dc.subjectVALUE ADDED
dc.subjectECONOMIC COSTS
dc.subjectINTERNATIONAL TRADE
dc.subjectTRANSPARENCY
dc.subjectECONOMETRIC ANALYSIS
dc.subjectVALUE
dc.subjectTRADE WAR
dc.subjectFORMAL ANALYSIS
dc.subjectEUROPEAN UNION
dc.subjectWORLD ECONOMY
dc.subjectPOOR COUNTRIES
dc.subjectNATIONAL INCOME
dc.subjectCONSUMERS
dc.subjectAGRICULTURE
dc.subjectMEMBER COUNTRIES
dc.subjectMANAGED TRADE
dc.subjectBENCHMARK
dc.subjectECONOMIC THEORY
dc.subjectTRADE LIBERALIZATION
dc.subjectWORLD TRADING SYSTEM
dc.subjectCROSS-BORDER OWNERSHIP
dc.subjectREGRESSION ANALYSIS
dc.subjectWTO ACCESSION NEGOTIATIONS
dc.subjectBUSINESS CYCLES
dc.subjectIMPORTING COUNTRY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectMACROECONOMIC SHOCKS
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectTRADE
dc.subjectGDP
dc.subjectTHEORY
dc.subjectTRADING SYSTEM
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL COMMITMENTS
dc.subjectBILATERAL TRADE
dc.subjectPREFERENTIAL TRADE
dc.subjectSUPPLY
dc.subjectMULTILATERAL TRADING SYSTEM
dc.subjectPOLICY IMPLICATIONS
dc.subjectIMPORT POLICIES
dc.subjectWORLD TRADE
dc.subjectPOLICY RESEARCH
dc.subjectSOCIAL PROBLEMS
dc.subjectEXCHANGE RATE
dc.subjectRISK AVERSION
dc.subjectECONOMICS RESEARCH
dc.subjectTRADING PARTNERS
dc.subjectTRADING PARTNER
dc.subjectWTO MEMBERS
dc.subjectMFN
dc.subjectDEVELOPMENT POLICY
dc.subjectINCOME GROUPS
dc.titleWhat’s Left for the WTO?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleWhat's Left for the WTO?
okr.date.disclosure2015-12-02
okr.date.doiregistration2025-04-10T10:32:03.655543Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/12/25512759/what’s-left-wto
okr.guid937031468179955550
okr.identifier.doi10.1596/1813-9450-7502
okr.identifier.externaldocumentum090224b083960e31_1_0
okr.identifier.internaldocumentum25512759
okr.identifier.reportWPS7502
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/12/02/090224b083960e31/1_0/Rendered/PDF/What0s0left0for0the0WTO00.pdfen
okr.topicInternational Economics and Trade::Trade and Services
okr.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.topicInternational Economics and Trade::World Trade Organization
okr.topicInternational Economics and Trade::Free Trade
okr.topicLaw and Development::Trade Law
okr.unitTrade and International Integration Team, Development Research Group
relation.isAuthorOfPublication43c30b7b-e371-51e8-a4ad-3c2c7db7fe4d
relation.isAuthorOfPublication.latestForDiscovery43c30b7b-e371-51e8-a4ad-3c2c7db7fe4d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
What0s0left0for0the0WTO00.pdf
Size:
1.01 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
What0s0left0for0the0WTO00.txt
Size:
146.23 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers