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Does the WTO help member states improve governance?

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  • AARONSON, SUSAN ARIEL
  • ABOUHARB, M. RODWAN

Abstract

On 16 December 2011, Russia gained the approval of 153 other member states to join the World Trade Organization (WTO). During its arduous eighteen-year accession, Russian officials reformed a wide range of laws and policies that could affect trade. 1 Russia made these changes because senior Russian officials believed that improved governance would pay off in greater foreign investment, and that investment in turn would stimulate economic growth. 2 President Vladimir Putin acknowledged ‘countries compete in the attractiveness of their business climate … quality of state institutions and effectiveness of the court and legal system’. Ivan Tchakarov, chief economist at the Russian brokerage Renaissance Capital, asserted ‘By becoming a WTO member, Russia will have to import … rules and regulations that will address the very issues that foreign investors usually complain about, like corruption, the protection of minority shareholders, the independence of the judiciary.’ 3

Suggested Citation

  • Aaronson, Susan Ariel & Abouharb, M. Rodwan, 2014. "Does the WTO help member states improve governance?," World Trade Review, Cambridge University Press, vol. 13(3), pages 547-582, July.
    • Handle: RePEc:cup:wotrrv:v:13:y:2014:i:03:p:547-582_00
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    Cited by:

    1. Gnangnon, Sèna Kimm, 2022. "Effect of Aid for Trade flows on the Accession to the World Trade Organization," EconStor Preprints 261331, ZBW - Leibniz Information Centre for Economics.
    2. Gnangnon, Sèna Kimm, 2023. "Duration of membership in the world trade organization and investment-oriented remittances inflows," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 258-277.
    3. Choudhury, Sanchari, 2019. "WTO membership and corruption," European Journal of Political Economy, Elsevier, vol. 60(C).
    4. Sèna Kimm Gnangnon, 2023. "Effect of the duration of membership in the GATT/WTO on human development in developed and developing countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(4), pages 943-983, November.
    5. Gnangnon, Sèna Kimm, 2022. "Duration of WTO Membership and Investment-Oriented Remittances Flows," EconStor Preprints 251274, ZBW - Leibniz Information Centre for Economics.
    6. Gnangnon, Sèna Kimm, 2022. "Duration of the Membership in the World Trade Organization and Aid for Trade Flows," EconStor Preprints 260562, ZBW - Leibniz Information Centre for Economics.
    7. Mai, Nhat Chi, 2016. "Beyond trade: the impact of WTO transparency norms on socialist-oriented countries with an emphasis on Vietnam's legal reform," OSF Preprints bgzhv, Center for Open Science.
    8. Lucia Tajoli, 2022. "Too much of a good thing? Russia-EU international trade relations at times of war," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(4), pages 807-834, December.
    9. Gnangnon, Sèna Kimm, 2022. "Effect of the Duration of the Membership in GATT/WTO on Commercial Services Exports in Developing Countries," EconStor Preprints 262167, ZBW - Leibniz Information Centre for Economics.
    10. Gnangnon, Sèna Kimm, 2023. "Effect of the duration of membership in the GATT/WTO on economic growth volatility," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 448-467.
    11. Gnangnon, Sèna Kimm, 2021. "WTO membership, the membership duration and the utilization of non-reciprocal trade preferences offered by the QUAD Countries," EconStor Preprints 247265, ZBW - Leibniz Information Centre for Economics.
    12. Sena Kimm Gnangnon, 2023. "Duration of the Membership in the World Trade Organization and Aid for Trade Flows," Economies, MDPI, vol. 11(6), pages 1-28, June.
    13. Gnangnon, Sèna Kimm, 2022. "Effect of the Duration of Membership in the GATT/WTO on Human Development in Developed and Developing Countries," EconStor Preprints 265061, ZBW - Leibniz Information Centre for Economics.
    14. Sena Kimm Gnangnon, 2023. "Duration of the Membership in the GATT/WTO, Structural Economic Vulnerability and Trade Costs," JRFM, MDPI, vol. 16(6), pages 1-32, May.

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