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The Failure of the WTO and the Changing Patterns of International Trade

Eduard Marinov

MPRA Paper from University Library of Munich, Germany

Abstract: One of the main reasons for the changes that have taken place in the current global system of international economic relations in recent years is the long-standing lack of progress in the multilateral regulation of world trade within the World Trade Organization (WTO), which is driving countries to search for other ways to promote trade and create a new institutional system regulating trade. The article makes an attempt to explain some of the reasons for this failure of the WTO and outlines the main transformations and trends in the world economy caused by the mishap of multilateralism.

Keywords: trade liberalization; multilateral trade cooperation; multilateralism; Global South (search for similar items in EconPapers)
JEL-codes: F10 F13 F53 F55 (search for similar items in EconPapers)
Date: 2019-06
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Published in Годишник „Икономика и бизнес“ 2020 ISSN 2534-9651.5(2022): pp. 89-98

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