What Would a Development-Friendly WTO Architecture Really Look Like?

Arvind Subramanian and Aaditya Mattoo

No 2003/153, IMF Working Papers from International Monetary Fund

Abstract: This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a balance between furthering liberalization and providing some discretion or policy space to accommodate the inevitable political constraints; and minimizing the extent of regulatory harmonization. These principles, while applicable to all countries, may have less immediate relevance in addressing the problems of the least developed countries.

Keywords: WP; country; developing country; WTO rule; liberalization; firm; rule; WTO; architecture; development; labor mobility; WTO provision; Doha round; WTO dispute-resolution panel; trade liberalization literature; WTO system; WTO architecture; Tariffs; Trade negotiation; Trade barriers; Global (search for similar items in EconPapers)
Pages: 21
Date: 2003-08-20
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