WTO 2025: Enhancing global trade intelligence
Alan Wm. Wolff ()
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Alan Wm. Wolff: Peterson Institute for International Economics
No WP22-6, Working Paper Series from Peterson Institute for International Economics
Abstract:
International trade flows based on information. Is the foreign market open? What are the conditions for entry? Are there customs duties to be paid and other regulations that need to be satisfied? Businesses thrive on getting as much certainty as they can find, and this requires reliable information. Is the competition subsidized? Are the competitors favored state-owned companies? During the pandemic, governments needed to know if food and medical supplies were going to be available from foreign sources and, most importantly, how available vaccines would be as most of the world's countries could not produce any. Effective public policy cannot be made in the dark. The World Trade Organization, and the General Agreement on Tariffs and Trade before it, were founded with the idea of providing transparency. But more is needed to understand why trade is taking place, and even more important, when it is not, why not?
Keywords: WTO; transparency; monitoring; international trade; forensic analysis; policy planning; foresight (search for similar items in EconPapers)
JEL-codes: F13 F51 F53 F55 K33 K41 N40 (search for similar items in EconPapers)
Date: 2022-04
New Economics Papers: this item is included in nep-int
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