Why Trump shot the sheriffs: The end of WTO dispute settlement 1.0
Chad Bown () and
No WP20-4, Working Paper Series from Peterson Institute for International Economics
On December 10, 2019, the WTO's 25-year-old system of resolving disputes broke down. This paper explains why. It describes the dysfunctional system that preceded the WTO, when the United States dealt with politically troublesome imports by using voluntary export restraints and increasingly resorted to the "aggressively unilateral" Section 301 policy to resolve trade concerns. The WTO was a compromise between the rest of the world and the United States, whereby the latter accepted some constraints with the expectation that the new system of binding dispute settlement would serve its interests. But although the creation of the WTO resolved some concerns about American unilateralism in the short term, its system of handling disputes turned out to be politically unsustainable.
Keywords: WTO; dispute settlement; Appellate Body; antidumping; trade remedies (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
https://www.piie.com/publications/working-papers/w ... ispute-settlement-10 (text/html)
Journal Article: Why Trump shot the Sheriffs: The end of WTO dispute settlement 1.0 (2020)
Working Paper: Why Trump Shot the Sheriffs: The End of WTO Dispute Settlement 1.0 (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iie:wpaper:wp20-4
Access Statistics for this paper
More papers in Working Paper Series from Peterson Institute for International Economics Contact information at EDIRC.
Bibliographic data for series maintained by Peterson Institute webmaster ().