Understanding the ‘Crisis of the Institution’ in the Liberal Trade Order at the WTO

Improving global governance
Nov 29, 2021 | International Affairs, Aseema Sinha

The origins of the current crises of the liberal trade order lie in the underlying tension which exists in the World Trade Organization (WTO), magnified by uncertain global power dynamics, suggests Aseema Sinha in her article for International Affairs. The tension at the heart of the WTO - between representativeness and effectiveness - suggests that both cannot be achieved at the same time. This inherent tension is magnified by power shifts in the global economy, most evident in the rise of emerging powers who demand more representation in the WTO, and the retreat by the U.S. to a more inward-looking orientation. The author presents a synthetic analysis combining power-driven arguments with the institutional dilemma inherent in the global trade order, contrasting the ‘crisis of the institution’ with the ‘crisis within the institution’.
https://academic.oup.com/ia/article-pdf/97/5/1521/40304242/iiab109.pdf />

print button Print
Related Articles:

Popular Articles

Poverty as a Wicked Problem

The belief that poverty can be prevented by identifying and dealing with its causes, and the...  Read More

Is Mars Ours?

Jun 13, 2021 | The New Yorker, Adam Mann

NASA and China having landed mobile rovers on the surface of Mars has raised the question of...  Read More

Think Local and Act Global - A Conversation with GGF 2030 fellow Cara Stauß

Nov 15, 2018 | Global Policy,

World affairs, diplomacy and trade are no longer solely the domain of nation-states, as cities...  Read More

Global Extreme Poverty

According to household surveys, 44 percent of the global population lived in absolute...  Read More

Popular Videos

A Message from Alan Doss, President of the Kofi Annan Foundation

Highlights from the G20 Think Tank Summit GLOBAL SOLUTIONS in Berlin

Happy Birthday Kofi Annan!

T20 Summit GLOBAL SOLUTIONS – Sean Cleary

Global Trends, Risks and Rewards — Where Are We Now, Where Are We Going?