Towards a Development Round

Constantine Michalopoulos

Chapter 10 in Developing Countries in the WTO, 2001, pp 196-227 from Palgrave Macmillan

Abstract: Abstract The failure of the WTO ministerial meeting in Seattle, which was to have launched a new Round of multilateral trade negotiations, was a setback for the development of a liberal international trading system governed by multilaterally agreed rules. This failure should be a cause of concern to developing countries as they would benefit greatly from a rules-based trading system. The lack of agreement in Seattle to review existing rules that are unhelpful to development will not make the problems of developing countries disappear. Furthermore their reasonable concern about the implementation of the Uruguay Round agreements and their need for additional assistance will not be addressed. Of course no deal is better than a bad deal, and it is doubtful whether the deal the Quad was proposing at the time was, broadly speaking, in the developing countries’ interests.

Keywords: Market Access; Export Subsidy; Government Procurement; Trade Facilitation; Foreign Private Investment (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0748-6_10

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DOI: 10.1057/9781403907486_10

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