Participation of Developing Countries in Dispute Settlement System of World Trade Organisation

Khan Humayun Rasheed ()
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Khan Humayun Rasheed: Judge, presently on deputation as Deputy Director, Judicial Training and Research Institute, U.P., Lucknow, India

Asian Journal of Law and Economics, 2015, vol. 6, issue 1, 45-64

Abstract: Today the world economy is immeasurably more complex, multi-faceted, and integrated than it was in the last quarter of 20th century. New financial procedures and interests have multiplied in the current trade and investment matrix. Developing countries are now rightfully taking a much greater share in global production, trade and investment. However, their level of participation in the dispute settlement system is an important aspect of academic inquiry. There are several reasons for inadequate participation of developing countries but lack of trust is at the heart of the entire debate. Division amongst the developing countries placed them in more vulnerable position. This paper focuses on reasons for poor participation of some of the developing countries in the dispute settlement understanding (DSU), problems of developing and least developed countries and points out some measures for bringing required equilibrium in the dispute settlement system so that it could be made just, fair and equitable in near future.

Keywords: bargaining power; developing countries; dispute settlement; economic disparity; enforcement (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1515/ajle-2014-0010

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