Trade and Development
Trade and Development
Systemic Lessons from WTO Experience with Implementation, Trade Facilitation, and Aid for Trade
In the Uruguay Round, developing countries behaved as full partners rather than as supplicants in the system. This step forward has, however, been reversed by outrageous mismanagement of the hangover of the Uruguay Round — the “implementation problem” and the “imbalance” of the Uruguay Round outcome. This chapter begins by summarizing Hudec's analysis of the GATT's first four decades—how we got to the Uruguay Round. It then reviews the Uruguay Round and since. It concludes that from the perspective of the GATT/WTO system supporting development and poverty reduction, we are back where we were in 1987, or worse.
Keywords: Uruguay Round, developing countries, GATT, WTO system, trade liberalization, free trade
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