Governing Global Trade: International Institutions in Conflict and Convergence

Abstract

Governing Global Trade: International Institutions in Conflict and Convergence, Theodore H. Cohn, Burlington, VT: Ashgate, 2002, pp. xi, 329.At a time when all eyes are riveted on the World Trade Organization (WTO) and the ups and downs associated with its current round of negotiation initiated in Doha, Qatar, in November 2001, Theodore Cohn's latest publication provides a vivid reminder: The global trading regime is made up of much more than the WTO. The GATT/WTO is still pivotal in Cohn's diachronic overview of the evolution of the global trade regime since the creation of the General Agreement on Tariff and Trade (GATT) in 1947, but unlike several other studies on a similar topic, the author untangles the relationship between the GATT/WTO and other formal and informal international institutions, such as the G7/G8, the Quadrilateral Group (Quad), the Organization for Economic Co-operation and Development (OECD), the G77, and the United Nations Conference on Trade and Development (UNCTAD). Each institution, as well as the United States and the European Union, is given relatively equal coverage in this notable study. Yet, as an indication that the GATT/WTO is still primus inter pares, most chapters revolve around the major negotiation rounds of the international organization. Chapter 2 traces the origins and early period of the postwar trade regime (1947–1962). Chapters 3 and 4 concentrate on the Kennedy (1962–1972) and Tokyo (1973–1979) rounds of the GATT respectively. Chapter 5 details the uncertainty associated with the survival of the GATT (1980–1986). Chapters 6 and 7 focus on the momentous Uruguay Round of the GATT (1986–1994), and chapter 8 highlights the post-Uruguay Round period (1995–2001).