POLI 441 Lecture 14: Lecture 14.pdf
20 Apr 2015
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What does the wto actually do? three functions: negotiating forum to exchange concessions monitoring (information) quite weak; decentralized because. Wto relies on other members to do this for them (like a complaints box) only a bit of centralized monitoring about offering information enforcement (dispute settlement understanding) acting on info about possible violations. Wto itself does not go after anyone; offers a forum where other countries can bring disputes/challenges no central prosecutorial function here the wto does not tell" anyone what to do (contrast to the other bretton. Gatt/wto origins emerges in 1947 out of failure (the gatt was not formally an economic organization), yet eventually meets with great success (ito failed) failure arises from too large an exception for domestic employment objectives" from the us. Europe liked this exception, us did not likely partly due to unbalanced exit options the smallest of the bretton woods institutions. The wto and developing countries special and differential treatment is evident from the start:
