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The Wto Cathedral

In: Trade Law, Domestic Regulation and Development

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  • Joel P. Trachtman

Abstract

The only universal consequence of a legally binding promise is that the law makes the promisor pay damages if the promised event does not come to pass. According to conventional wisdom, it is a waste of time and money for developing countries to invoke the WTO's dispute settlement procedure against industrial countries.

Suggested Citation

  • Joel P. Trachtman, 2015. "The Wto Cathedral," World Scientific Book Chapters, in: Trade Law, Domestic Regulation and Development, chapter 13, pages 329-380, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814635721_0013
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