Chapter

The burden of governance

in The World Trade Organization

Published in print September 2005 | ISBN: 9780192806086
Published online September 2013 | e-ISBN: 9780191776168 | DOI: https://dx.doi.org/10.1093/actrade/9780192806086.003.0007

Series: Very Short Introductions

The burden of governance

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‘The burden of governance’ reflects on the nature of the World Trade Organization (WTO). The WTO has lurched from one crisis to another, and reform is needed for it to remain legitimate. A consultative board has been proposed to aid WTO members in reaching a consensus on controversial issues, but smaller countries fear further marginalization. Debate also exists about the WTO's mandate — should it cut back to aid small nations or expand to address humanitarian aims? The democratic nature of the WTO is also under review, with calls for more accountability to the world's populations being tempered against the desire of NGOs to be more involved in the institution.

Keywords: comparative advantage; European Union; General Agreement on Tariffs and Trade; income inequality; labour standards; Trade-Related Intellectual Property Rights; Uruguay Round; World Trade Organization

Chapter.  4753 words.  Illustrated.

Subjects: International Trade

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