How the WTO Could Be Improved

Author

University of Melbourne, Australia

Abstract

AbstractThis paper examines the impasse in the current Doha Development Round negotiations andasks how the rules of the WTO could be changed to facilitate multilateral negotiations andto increase the welfare of the Member countries. It considers possible changes to the methodof negotiation. As examples of rules which are outdated, it considers the rules relating toregional trade agreements and to anti-dumping actions. Economic theory suggests stronglythat changes to these rules could increase international trade and benefit member countries.Then to the rolling Heav’n itself I cried, Asking, “What lamp had destiny to guide Her littleChildren stumbling in the Dark?”And – “A blind understanding!” Heav’n replied.The Rubaiyat of Omar Khayyam by Omar Khayyam, translated by Edward Fitzgerald, FirstEdition, Quatrain XXXIIIJEL Classification: F13

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