WTO 2.0: Governance of 21st century trade

Richard Baldwin

The Review of International Organizations, 2014, vol. 9, issue 2, 283 pages

Abstract: The cross-border flows of goods, investment, services, know-how and people associated with international production networks–call it ‘supply-chain trade’ for short–has transformed the world. The WTO has not kept pace. This paper argues that adapting world trade governance to the realities of supply-chain trade will require a new organization–a WTO 2.0 as it were. Reasoning on the optimal nature of the new organization is based on the nature of supply-chain trade, the nature of the disciplines that underpin it, and the nature of the gains from cooperation. Copyright Springer Science+Business Media New York 2014

Keywords: WTO reform; Supply-chain trade; Hold-up problems; F60; F55 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s11558-014-9186-4

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