Abstract

Global governance primarily focuses on the management and governance of global affairs that are beyond the ability of the state to solve through formal and informal interactions between local, national, regional, and international actors. The post-cold war era can be called the golden age of the process of global governance. This process has significantly broadened to include more diverse players, networks, institutions, regimes, and mechanisms that apply distributive or regulatory functions that have transnational effects. In parallel with this the global trade governance, which includes the group of bilateral, regional and multilateral international agreements, at times with the institutions that regulate the international rules concerned trade, has widened significantly in the 19th century and onward. The evolution of the WTO is corresponding to these essential changes in the order in global trade governance. Therefore, this article examines the effect of the process of global governance on the WTO and the evolving factors of change in the nature of this organization. According to the author's argument, growing role of the civil society organizations, the redistribution of power, opposition to free trade, the proliferation of preferential trade, differences in the views on goals and functions, have led to the fact that, the nature of the WTO has shifted from the cluster of developed countries to a global organization.

Highlights

  • Global governance primarily focuses on the management and governance of global affairs that are beyond the ability of the state to solve through formal and informal interactions between local, national, regional, and international actors

  • The present paper focuses on the analysis the role that World Trade Organization (WTO) plays in global trade governance, an examination of trends that have revolutionized the nature and function of this institution

  • The governance of global issues and affairs which are beyond the capability of the state to deal with them is considered the focused areas of global governance, this process of management includes the interaction between the formal and informal role and effects of differences between local, national, regional, and international actors

Read more

Summary

Introduction

Global governance primarily focuses on the management and governance of global affairs that are beyond the ability of the state to solve through formal and informal interactions between local, national, regional, and international actors. The post-cold war era can be called the golden age of the process of global governance This process has significantly broadened to include more diverse players, networks, institutions, regimes, and mechanisms that apply distributive or regulatory functions that have transnational effects. The area of global economic governance is one of the areas that have been explicitly affected by this process, the field of which is the so-called Brent Woods organization. In the new era, this organization cannot be analyzed with the past format In this regard, the present paper focuses on the analysis the role that WTO plays in global trade governance, an examination of trends that have revolutionized the nature and function of this institution.

Global Trade Governance
Global Governance and the WTO
Theoretical Framework
The World Trade Organization
The Structure of WTO
Ministerial Conference
The General Council
The Dispute Settlement Body
The Business Policy Review Body
The Factors Led to Change in the Nature of the WTO
Duplication of Preferential Trade Agreements
The Growing Opposition to More Free Trade
The Transformation of Power Domination Within the WTO
Agreement on the Goals and Functions of the World Trade Organization
Findings
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call