Trade Multilateralism in the Twenty-First Century

The book explores the impact of recent WTO accession experiences on the development of the multilateral trading system.

International trade and economic policy-makers, practitioners and scholars in related fields, and businesses will find useful information and guidance in this book relative to the challenges facing the multilateral trading system and how the experiences of recent accessions to the WTO may help to address these challenges.Trade multilateralism in the twenty-first century faces a serious test as weakness in the global economy and fast-paced technological changes create a challenging environment for world trade. This book examines how an updated and robust, rules-based multilateral framework, anchored in the WTO, remains indispensable to maximizing the benefits of global economic integration and to reviving world trade. By examining recent accessions to the WTO, it reveals how the growing membership of the WTO has helped to support domestic reforms and to strengthen the rules-based framework of the WTO. It argues that the new realities of the twenty-first century require an upgrade to the architecture of the multilateral trading system. By erecting its 'upper floors' on the foundation of existing trade rules, the WTO can continue to adapt to a fast-changing environment and to maximize the benefits brought about by its ever-expanding membership.