Bernard M. Hoekman and Michel M. Kostecki
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780198294313
- eISBN:
- 9780191596445
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/019829431X.003.0005
- Subject:
- Economics and Finance, International
An analysis is made of the role of the WTO (World Trade Organization) as a forum for negotiations. Special attention is given to the concept of reciprocity, since this is a central element of ...
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An analysis is made of the role of the WTO (World Trade Organization) as a forum for negotiations. Special attention is given to the concept of reciprocity, since this is a central element of multilateral trade negotiations (MTNs). The chapter centres on the problems that confront negotiators seeking to obtain agreements, the techniques that are used, and the reasons MTNs tend to have outcomes that do not maximize national welfare. The sections of the chapter are as follows: Overview of negotiating rounds [held since 1948, when GATT was founded]; Multilateral trade liberalization; Interest groups and lobbying activity; Reciprocity and the mechanics of negotiations; and A typology of key aspects of trade negotiations.Less
An analysis is made of the role of the WTO (World Trade Organization) as a forum for negotiations. Special attention is given to the concept of reciprocity, since this is a central element of multilateral trade negotiations (MTNs). The chapter centres on the problems that confront negotiators seeking to obtain agreements, the techniques that are used, and the reasons MTNs tend to have outcomes that do not maximize national welfare. The sections of the chapter are as follows: Overview of negotiating rounds [held since 1948, when GATT was founded]; Multilateral trade liberalization; Interest groups and lobbying activity; Reciprocity and the mechanics of negotiations; and A typology of key aspects of trade negotiations.
