Why Countries Retain Membership in International Trade Institutions

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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From 1947 and the onset of the GATT through to the WTO in 2024 only four; countries have withdrawn from the rules-based international trade regime.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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