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Reforming the WTO, part 1: why world trade rules are looking shaky

Woolcock, Stephen (2020) Reforming the WTO, part 1: why world trade rules are looking shaky. LSE Brexit (20 Apr 2020). Blog Entry.

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Abstract

'Going WTO' in a no-deal Brexit means that Britain would rely on the rules-based World Trade Organisation system. But the WTO is in poor shape, partly due to tensions between the US and China. In the first of a series of posts, Steve Woolcock (LSE) looks at why the organisation has become weakened.Even before the coronavirus pandemic, the world trading system was not in great shape. Trade protection was averted in the aftermath of the 2008 financial crisis thanks to a shared commitment to resist protectionist responses on the part of the major trading powers. But over time, protectionist measures have grown. After years of trying, the Doha Development Agenda (DDA) in the World Trade Organisation (WTO) negotiations effectively came to an end in around 2014 with no real progress. Then the incoming Trump administration initiated an aggressive, unilateral trade policy in an attempt to force its trading partners to make concessions.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/brexit/
Additional Information: © 2020 The Author
Divisions: International Relations
Subjects: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 07 May 2020 09:06
Last Modified: 30 Jun 2020 07:50
URI: http://eprints.lse.ac.uk/id/eprint/104285

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