Notes # 21 reading

Notes # 21 reading - How the WTO Boosts Economies and Opens...

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How the WTO Boosts Economies and Opens Societies The power of the WTO to aid national transformation is easily forgotten. All too often, many developing countries measure their success in the WTO's Doha Round of trade negotiations by the extent to which they avoid obligations to open up their economies. It is the countries that have joined the WTO over the past decade that have drawn the most benefit from global trade rules. Older members, which did not need to negotiate their entry, have probably gained the least. The WTO has changed the world in the past decade by welcoming China. And if it has changed national fortunes, in Cambodia and Saudi Arabia, for example, it is thanks to its accession procedures Much of what the WTO does is, in fact, about helping achieve good or better governance. Today, a good number of developing countries in the WTO have undertaken more substantial and far-reaching commitments, especially regarding agriculture, than some of the organization's founding members. The fundamental value of WTO membership)--and the negotiations that precede it--is an
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This note was uploaded on 11/29/2010 for the course IR 109 taught by Professor Heinz during the Spring '10 term at Rochester.

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Notes # 21 reading - How the WTO Boosts Economies and Opens...

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