CHAPTER 31

The World Trade Organization (WTO): Challenges and Solution (with Valbona Zeneli)

February 2016

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The World Trade Organization (WTO) and its predecessor, the ­General Agreement on Tariffs and Trade (GATT) has been one of the most successful international institutions. But besides its positive effects, the WTO’s framework has also brought some sense of discomfort, fear, and painful economic adjustment to meet international competition. Even at its peak surrounding the Uruguay Round (1986 to 1994), the question arose whether the WTO could effectively handle broader social issues. Pollution, global warming, diseases, and structural unemployment ...

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