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TOP‐DOWN SUPPORT FOR BOTTOM‐UP TRADE LIBERALISATION
Author(s) -
Zahrnt Valentin
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01931.x
Subject(s) - mercantilism , liberalization , harm , international trade , world trade , free trade , commercial policy , international economics , trade barrier , economics , business , political science , market economy , law
The old days of multilateral trade rounds are over. Mercantilist bargaining is doing more harm than good. The World Trade Organization (WTO) should adapt to the new realities by promoting liberal ideas and facilitating sound policy‐making at domestic level. In particular, the trade policy reviews written by the WTO Secretariat should become more compelling arguments for trade liberalisation.