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Developing Countries and Enforcement of Trade Agreements : Why Dispute Settlement Is Not Enough / Bown, Chad P.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bown, Chad P.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Dumping.
- Economic Theory and Research.
- Economics Literature.
- Emerging Markets.
- Externality.
- Free Trade.
- Generalized System of Preferences.
- International Economics & Trade.
- International Trade.
- Law and Development.
- LDCs.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Trade Law.
- Trade Liberalization.
- Transparency.
- World Trade Organization.
- WTO.
- Local Subjects:
- Dumping.
- Economic Theory and Research.
- Economics Literature.
- Emerging Markets.
- Externality.
- Free Trade.
- Generalized System of Preferences.
- International Economics & Trade.
- International Trade.
- Law and Development.
- LDCs.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Trade Law.
- Trade Liberalization.
- Transparency.
- World Trade Organization.
- WTO.
- Physical Description:
- 1 online resource (33 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- Poor countries are rarely challenged in formal World Trade Organization trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries, and discusses the static and dynamic costs and externality implications of this failure. Given the weak incentives to enforce World Trade Organization rules and disciplines against small and poor members, bolstering the transparency function of the World Trade Organization is important for making trade agreements more relevant to trade constituencies in developing countries. Although the paper focuses on the World Trade Organization system, the arguments also apply to reciprocal North-South trade agreements.
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