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Introduction and overview

In: A World Trade Organization for the 21st Century

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  • Richard Baldwin
  • Masahiro Kawai
  • Ganeshan Wignaraja

Abstract

The global financial crisis exposed great shortcomings in the global economic architecture, generating extensive international debate about possible remedies for these deficiencies. The postwar global architecture was guided by major developed economies, centered around the IMF, the GATT, and the World Bank. Today, the balance of economic power is shifting toward emerging economies. Global governance and economic policy must reflect this shift. With contributions from prominent Asian and international trade experts, this book critically examines key changes occurring in the world trading system and explores policy implications for Asia.

Suggested Citation

  • Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja, 2014. "Introduction and overview," Chapters, in: Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja (ed.), A World Trade Organization for the 21st Century, chapter 1, pages 1-11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15991_1
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    1. Robert Koopman & Zhi Wang & Shang-Jin Wei, 2014. "Tracing Value-Added and Double Counting in Gross Exports," American Economic Review, American Economic Association, vol. 104(2), pages 459-494, February.
    2. Bhagwati, Jagdish, 2008. "Termites in the Trading System: How Preferential Agreements Undermine Free Trade," OUP Catalogue, Oxford University Press, number 9780195331653, Decembrie.
    3. Gary Hufbauer & Cathleen Cimino, 2013. "What Future for the WTO?," The International Trade Journal, Taylor & Francis Journals, vol. 27(5), pages 394-410, December.
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    3. Xin, Tuantuan & Xu, Cheng & Yang, Yongping & Kindra, Vladimir & Rogalev, Andrey, 2023. "A new process splitting analytical method for the coal-based Allam cycle: Thermodynamic assessment and process integration," Energy, Elsevier, vol. 267(C).
    4. Lee, R., 2016. "Macroeconomics, Aging, and Growth," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 59-118, Elsevier.
    5. Liao, Wen-Chi & Jing, Kecen & Lee, Chaun Ying Rachel, 2022. "Economic return of architecture awards: Testing homebuyers’ motives for paying more," Regional Science and Urban Economics, Elsevier, vol. 93(C).
    6. Eckhard Hein, 2018. "Stagnation policy in the Eurozone and economic policy alternatives: A Steindlian/neo-Kaleckian perspective," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 44(3), pages 315-348.
    7. Ogieriakhi, Macson O. & Wang, Xingguo, 2024. "Do mandatory environmental policies really work? A case study of California's mandatory commercial recycling law," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 915-930.

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    More about this item

    Keywords

    Asian Studies; Economics and Finance;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F3 - International Economics - - International Finance

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