
Contents
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1 Bleak Prospects 1 Bleak Prospects
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2 What to Do in Times of Crisis? 2 What to Do in Times of Crisis?
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2.1 No License to Adjudicate 2.1 No License to Adjudicate
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2.2 Feasible Lawmaking 2.2 Feasible Lawmaking
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2.3 Backtrack from Multilateralism to Save Multilateralism 2.3 Backtrack from Multilateralism to Save Multilateralism
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3 End of the Line? 3 End of the Line?
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3.1 Common Threats Must Be Imminent, Common Objectives Are Hard to Find 3.1 Common Threats Must Be Imminent, Common Objectives Are Hard to Find
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3.2 Managing Connectivity 3.2 Managing Connectivity
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3.3 Did the WTO Come Too Soon? 3.3 Did the WTO Come Too Soon?
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Cite
Abstract
The WTO looks like a downbound train. Its relevance has been eviscerated, and if there was any doubt to this effect, the recent MC13 (13th WTO Ministerial Conference) exemplified the size of the problem. Trading nations should ponder the cost of non-WTO: it risks having ripple effects. It is not just gains from trade that will shrink. It is global cooperation that will suffer. At a moment when the world community is facing global challenges like climate change and, for this reason, needs to act together, trade is driving its members apart.1
This is not an appropriate moment to revamp the WTO as necessary. Current times call for damage control. The membership should “soldier on” within its confines and adopt the suggested corrective action to keep it afloat, awaiting more favorable circumstances to proceed with an overhaul.
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