Political Economy of WTO Regime

Author: Eminent ContributorsEditor(s): D Narasimha Reddy / Surjit Singh / Dolly AroraPublisher: Rainbow publishersYear: 2004Language: EnglishPages: 204ISBN/UPC (if available): 8186962492 DescriptionThe very origin of the World Trade Organization (WTO) is shrouded in controversies on the very shape and character of the organization. It has been about seven years since the final agreement was signed and WTO came into existence. But there are no signs that the implementation of these agreements is likely to be smooth. The reasons are many. There are doubts about the spirit of inclusion and exclusion of certain provisions, which amount to fears of vitiating fair trade in the name of Free Trade. Most of the agreements like GATS, TRIPS, TRIMS and AOA are full of controversial provisions. The rich countries resolve to bring in many more non-trade issues like environment, labour standards, investment, competition policy, etc. are highly contentious-a clear asymmetry of concerns between the ric