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Why Countries Retain Membership in International Trade Institutions
Kerr, William A.
2024
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Title
Why Countries Retain Membership in International Trade Institutions
Keywords
From 1947 and the onset of the GATT through to the WTO in 2024 only four
;
countries have withdrawn from the rules-based international trade regime. This
;
is an amazing record give the degree and ferocity of the criticisms the
;
GATT/WTO receives. Its membership currently stands at 166 Member States.
;
While the WTO constrains the political space to maneuver for developed
;
countries, it is the supposed failings of the WTO for developing countries that
;
receives the most attention. Despite this criticism, developing countries choose
;
to remain members of the WTO. The perceived benefits must exceed the costs
;
of membership. In part, this is due to the design of the institution, right from its
;
outset in the late 1940s.
Author(s)
Kerr, William A.
Subject(s)
International Relations/Trade
Issue Date
Dec 31 2024
Publication Type
Journal Article
DOI and Other Identifiers
10.22004/ag.econ.348820
Record Identifier
https://ageconsearch.umn.edu/record/348820
ISSN
1496-5208
Language
English
Published in
Estey Journal of International Law and Trade Policy
Volume
25
Issue
2
Page Range
34 - 44
JEL Codes
F13
Record Appears in
University of Saskatchewan
>
Estey Centre for Law and Economics in International Trade
>
Estey Journal of International Law and Trade Policy
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