KOREA IN THE GATT/WTO DISPUTE SETTLEMENT SYSTEM: LEGAL BATTLE FOR ECONOMIC DEVELOPMENT

Dukgeun Ahn

Chapter 2 in The Legal and Economic Analysis of the WTO/FTA System, 2016, pp 31-67 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Korea's economic development saga, which amazed economists and policy-makers, has been filled with numerous trade disputes with its major trading partners. Despite the prevalence of such bilateral trade disputes, Korea had shown unequivocal resistance to resorting to the multilateral dispute settlement forum under the GATT system. Since the inception of the WTO, however, Korea has dramatically changed its attitude toward trade dispute settlement. The Korean experience of trade dispute settlement, therefore, seems a salient example of how the newly augmented system under the WTO is perceived and how it has been effectively utilized by average WTO Member countries in order to address international trade problems.

Keywords: World Trade Organization; Trade Remedy; Dispute Settlement; Free Trade Agreement (search for similar items in EconPapers)
JEL-codes: F42 (search for similar items in EconPapers)
Date: 2016
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