WTO Agreements: Deficiencies, Imbalances and Required Changes
The World Trade Organization (WTO) is rapidly establishing itself as one of the most important international agencies. The Uruguay Round of multilateral trade negotiations ended in 1994 with massive publicity about the claimed benefits of the Round's results.
This timely book counters the one-sided acclaim by presenting a balanced view. It provides a concise analysis of the various WTO Agreements and pinpoints their many deficiencies and imbalances (from the viewpoint of developing countries). Just as useful, it provides several specific proposals to offset or overcome the weaknesses and imbalances. The following issues are scrutinised:
The author concretely identifies altogether 44 items of deficiencies and imbalances and provides 49 suggestions for improvements to the Agreements and the WTO system.
The book ends with a chapter on whether the suggested improvements are possible in the current multilateral environment. It concludes that all is possible, provided the developing countries are united in moving for positive changes. The end of the book also contains a helpful summary of the positive features in various Agreements, deficiencies and imbalances in them, and the author's suggestions for improvements.