Global trading system at the crossroads: a post-Seattle perspective

Abstract

Chapter 1: Global Trading Systems at Crossroads 1. New Global Trading System 2. Spasmodic Trends in Trade Liberalization 3. Benefiting from Trade Liberalization 3.1 Alternative Channels of Trade Liberalization 3.2 Some Lessons from Successful Episodes 4. Discomfiture from Trade Liberalization 5. Intransigent Labour Issues 6. Managing Trade Liberalization 7. Challenges for the New Trading System 8. Summing Up Chapter 2: Seattle and its Aftermath 1. Need for Another Round of MTNs 2. Seeds of Discord 3. Launching the Third Ministerial 4. Mechanics of Failure 4.1 A Structural Limitation 5. Agenda in Parenthesis 6. Breakdown of the Old GATT Process 7. Backlash Against Globalization 8. Dragons' Teeth 9. Prognostications Chapter 3: The Uruguay Round: Implementation and Consequences 1. Introduction 2. Final Uruguay Round Agreement 3. Substance and Implications 4. Negative Consequences 5. NTB Regime: Comprehending the Profusion 6. MFN Schedule of the Quad Economies 7. Tariff Regime at the Turn of the Century 7.1 Tariff Barriers 7.2 Non-Tariff and Other Barriers 8. Summing Up Chapter 4: An Action Agenda: A Post-Seattle Perspective 1. Striking a Balance 2. Crafting an Action Agenda 3. Built-in Agenda 3.1 Agricultural Negotiations 3.2 Tariff Quota 3.3 Export Subsidy 3.4 Sanitary and Phytosanitary Measures 4. Furthering Trade in Services 4.1 Electronic Commerce 5. Beyond the Built-in Agenda: Potential Issues 5.1 The WTO and System Strengthening 5.2 Restraining Dumping Abuses 5.3 Market Access and Tariffs 5.4 Textiles and Apparel 5.5 Trade Related Aspects of Intellectual Property Rights 5.6 Subsidies and Countervailing Measures 5.7 Safeguards 5.8 Trade Related Investment Measures 5.9 Regional Trading Arrangements 5.10 State Trading 5.11 Dispute Settlement Provision 5.12 Rules of Origin 6. On-Going Issues 7. Passing the 'Green Room' 8. Opacity and the WTO 9. Summing Up Chapter 5: Implications of the Forthcoming Round: Trade Liberalization in a Dynamic Setting 1. Dynamic Path of Adjustment 2. Mechanism of CGE Model 3. The APG-Cubed Model 4. The GTAP Model 5. The FTAP Model and Elimination of Barriers to Trade in Services 6. The Michigan CGE Model 6.1 Version I of the Michigan CGE Model 6.2 Version II of the Michigan CGE Model 6.3 Revelations from the Michigan Model 7. Summing Up