 Who Should Join the WTO and Why?: A Cost-benefit Analysis of WTO MembershipZdenek Drabek and Wing Thye Woo Chapter 9 in Is the World Trade Organization Attractive Enough for Emerging Economies?, 2010, pp 249-294 from Palgrave Macmillan Abstract: Abstract The most striking features of the World Trade Organization (WTO) are, arguably, its membership list and the changes in the list over time. Despite widespread concerns about globalization and about the role of the WTO as a global institution, WTO Membership has been growing rapidly. When GATT the predecessor of the WTO — was established in 1947, the total number of countries signing the Agreement was 23. By 2007, the membership had increased to 150. Moreover, there were more than 30 countries negotiating accession to the WTO. Most of the increase in the membership has come from developing countries and from countries in transition since most developed countries had joined GATT years earlier. Developing countries now account for two-thirds of the total membership. What is evident from the rising numbers is that many countries join the WTO with great expectations and expecting something positive to come from their membership. Keywords: Foreign Direct Investment; World Trade Organization; Much Favored Nation; World Trade Organization Agreement; World Trade Organization Membership (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25082-6_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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