Chapter

Legitimacy, Coherence and Governance

Bernard M. Hoekman and Michel M. Kostecki

in The Political Economy of the World Trading System

Second edition

Published in print July 2001 | ISBN: 9780198294313
Published online November 2003 | e-ISBN: 9780191596445 | DOI: http://dx.doi.org/10.1093/019829431X.003.0015
 Legitimacy, Coherence and Governance

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This chapter discusses the role of industry groups and NGOs in the formulation of trade policies at the national and global level, and the importance of transparency and openness in policy formation in ensuring that governments are accountable. Information is a necessary condition for the ‘contestability’ of policy in national political markets, which in turn is a necessary condition for the ‘coherence’ of such policies, as well as the legitimacy of whatever multilateral rules are negotiated. The sections of the chapter are as follows: Industry and trade policy formation; NGOs and civil society; Governance of the WTO (World Trade Organization); Coherence of national policies; and Conclusion.

Keywords: civil society; coherence; contestability; governance; government; industry groups; industry policy; legitimacy; multilateral rules; national policy; non‐governmental organizations; openness; trade policy; transparency; World Trade Organization; WTO

Chapter.  7554 words. 

Subjects: International Economics

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