Efficiency, Equity, and Legitimacy
The Multilateral Trading System at the Millennium
Published on 1. September 2001
Book
Paperback/Softback
352 pages
978-0-8157-7163-0 (ISBN)
Description
A Brookings Institution Press and the Center for Business and Government at Harvard University publication
The multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. These essays by leading scholars and trade officials honor Raymond Vernon, one of the architects of the international economic institutions established following the Second World War. The book examines several key issues at the heart of the debate over the multilateral trading system. What are the global efficiency gains from further liberalization? How can efficiency gains be maximized while respecting legitimate claims to sovereignty? Is the trading system affording an equitable distribution of benefits between countries and among various groups within societies? Does civil society have a role in the trading system? What role should the World Trade Organization and its dispute settlement procedures play in resolving disputes and enhancing legitimacy?
The multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. These essays by leading scholars and trade officials honor Raymond Vernon, one of the architects of the international economic institutions established following the Second World War. The book examines several key issues at the heart of the debate over the multilateral trading system. What are the global efficiency gains from further liberalization? How can efficiency gains be maximized while respecting legitimate claims to sovereignty? Is the trading system affording an equitable distribution of benefits between countries and among various groups within societies? Does civil society have a role in the trading system? What role should the World Trade Organization and its dispute settlement procedures play in resolving disputes and enhancing legitimacy?
Reviews / Votes
"The various contributors present some though-provoking proposals for adapting the governance of the WTO to meet the needs of a changing world economy, including ways to increase the representation of different countries and interest groups. This highly readable book presents a variety of perspectives and offers the reader up-to-date and in-depth insights into key globalization issues." -Dalia Hakura, Economist, IMF, Finance and DevelopmentMore details
Language
English
Place of publication
United States
Publishing group
Bloomsbury Publishing Plc
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 27 mm
Weight
744 gr
ISBN-13
978-0-8157-7163-0 (9780815771630)
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Schweitzer Classification
Persons
Roger B. Porter is IBM professor of business and government at Harvard University, Massachusetts. Pierre Sauve is head of the Trade Policy Linkages Division of the OECD Trade Directorate in Paris, France. Arvind Subramanian is deputy division chief of the African department of the International Monetary Fund, Washington, D.C., USA. Americo Beviglia Zampetti is administrator, Directorate-General for Trade of the European Commission, Brussels, Belgium.