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The Political Economy of the World Trading SystemWTO and Beyond$
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Bernard Hoekman and Michel Kostecki

Print publication date: 2001

Print ISBN-13: 9780198294313

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829431X.001.0001

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Legitimacy, Coherence and Governance

Legitimacy, Coherence and Governance

(p.461) 14 Legitimacy, Coherence and Governance
The Political Economy of the World Trading System

Bernard M. Hoekman

Michel M. Kostecki (Contributor Webpage)

Oxford University Press

This chapter discusses the role of industry groups and NGOs in the formulation of trade policies at the national and global level, and the importance of transparency and openness in policy formation in ensuring that governments are accountable. Information is a necessary condition for the ‘contestability’ of policy in national political markets, which in turn is a necessary condition for the ‘coherence’ of such policies, as well as the legitimacy of whatever multilateral rules are negotiated. The sections of the chapter are as follows: Industry and trade policy formation; NGOs and civil society; Governance of the WTO (World Trade Organization); Coherence of national policies; and Conclusion.

Keywords:   civil society, coherence, contestability, governance, government, industry groups, industry policy, legitimacy, multilateral rules, national policy, non‐governmental organizations, openness, trade policy, transparency, World Trade Organization, WTO

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