Free Lunches? WTO as Public Good, and the WTO's View of Public Goods | Zendy

Petros C. Mavroidis | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Free Lunches? WTO as Public Good, and the WTO's View of Public Goods

Author(s) -

Petros C. Mavroidis

Publication year - 2012

Publication title -

european journal of international law

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.607

H-Index - 59

eISSN - 1464-3596

pISSN - 0938-5428

DOI - 10.1093/ejil/chs055

Subject(s) - negotiation , public good , liberalization , free trade , world trade , international trade , economics , goods and services , law , law and economics , business , political science , market economy , microeconomics

The WTO can be viewed as a public good in that it provides a forum for negotiations which also produces the necessary legal framework to act as a support for agreed liberalization. To avoid any misunderstandings, in this article the discussion focuses on the WTO as a forum and a set of agreements, not on free trade. Since the legal agreements coming under its aegis are for good reasons incomplete, the WTO provides an additional public good by 'completing' the original contract through case law. The importance of this feature increases over time as tariffs are driven towards irrelevance. In turn, the WTO has no particular attitude towards public goods provided by its Members

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research