Multilateralism beyond Doha

There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. This paper advances five propositions: (i) the traditional negotiating dynamic, driven by private sector interests largely in the rich countries, is running out of steam; (ii) the world economy is moving broadly from conditions of relative abundance to relative scarcity, and so economic security has become a paramount concern for consumers, workers, and ordinary citizens; (iii) international economic integration can contribute to enhanced security; (iv) addressing these new concerns - relating to food, energy, and economic security - requires a wider agenda of multilateral cooperation, involving not just the WTO but other multilateral institutions; and (v) despite shifts in economic power across countries, the commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting.

Bibliographic Details

Main Authors:	Mattoo, Aaditya, Subramanian, Arvind
Language:	English
Published:	World Bank, Washington, DC 2008-09
Subjects:	ADVANCED COUNTRIES, ADVERSE CONSEQUENCE, ADVERSE IMPACT, AGRICULTURAL PROTECTION, AGRICULTURE, ARBITRAGE, BANK POLICY, BENEFICIARIES, BOND, BOND MARKETS, BUDGETARY SUPPORT, CAPITAL ACCOUNT, CAPITAL ADEQUACY, CAPITAL IMPORTERS, CARBON, CARTEL, CLIMATE CHANGE, CLIMATE CHANGE NEGOTIATIONS, CODE OF CONDUCT, COLLECTIVE ACTION, COLLUSION, COMMODITIES, COMMODITY, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPETITION POLICY, COMPETITIVENESS, CONDITIONALITY, CONSUMER, CONSUMER INTERESTS, CONSUMERS, CONTRIBUTION, CREDITOR, CROSS-BORDER FLOWS, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT SURPLUS, CURRENT ACCOUNT SURPLUSES, DERIVATIVE, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DIVISION OF LABOR, DOMESTIC PRICES, DUMPING, DURABLE, ECONOMIC ACTIVITY, ECONOMIC ANALYSIS, ECONOMIC CIRCUMSTANCES, ECONOMIC INTEGRATION, ECONOMIC LAW, ECONOMIC PERFORMANCE, ECONOMIC POWER, ECONOMIC SECURITY, ECONOMICS, EMERGING MARKET, EMERGING MARKET COUNTRIES, EMERGING MARKET ECONOMIES, EMERGING-MARKET, EMISSION REDUCTIONS, EMISSIONS, EMISSIONS TARGETS, ENFORCEMENT MECHANISM, ENFORCEMENT MECHANISMS, ENFORCEMENT PROCESS, ENVIRONMENTAL, ENVIRONMENTAL ISSUES, ENVIRONMENTAL POLICIES, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL STANDARDS, EQUILIBRIUM, EXCESS DEMAND, EXCESS LIQUIDITY, EXCESS SUPPLY, EXCHANGE RATE, EXCHANGE RATES, EXPLOITATION, EXPORT BARRIERS, EXPORT MARKETS, EXPORTERS, EXPORTS, FINANCIAL ASSISTANCE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL OPENNESS, FINANCIAL REGULATION, FINANCIAL SECTOR, FINANCIAL SECTOR LIBERALIZATION, FINANCIAL SECURITY, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SYSTEM, FLOW OF CAPITAL, FOOD POLICY RESEARCH, FOOD PRICE, FOOD PRICES, FOOD PRODUCTION, FOREIGN ASSETS, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN DIRECT INVESTMENTS, FOREIGN EXCHANGE, FOREIGN EXCHANGE RESERVES, FOREIGN FINANCIAL INSTITUTIONS, FOREIGN GOVERNMENTS, FOREIGN INVESTMENT, FOREIGN INVESTMENTS, FOREIGN MARKETS, GDP, GLOBAL ECONOMIC LANDSCAPE, GLOBALIZATION, GOVERNMENT ACTION, GOVERNMENT BONDS, GROSS DOMESTIC PRODUCT, HOLDING, HOLDINGS, IMMUNITY, IMPORT BARRIERS, IMPORTS, INCOME, INCOME SOURCE, INDUSTRIAL COUNTRIES, INDUSTRIAL COUNTRY, INFLATION, INFORMATION TECHNOLOGY, INSTRUMENT, INSURANCE, INTELLECTUAL PROPERTY, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL COOPERATION, INTERNATIONAL ECONOMICS, INTERNATIONAL SETTLEMENTS, INVESTMENT BARRIERS, INVESTMENT FLOWS, INVESTMENT FUNDS, JURISDICTION, JURISDICTIONS, LDCS, LEGISLATION, LIBERALIZATION, LOW INCOME, MARKET ACCESS, MARKET MECHANISM, METALS, MIDDLE EASTERN, MONETARY FUND, MULTILATERAL TRADE, NATIONAL SECURITY, NATURAL RESOURCES, OIL, OIL PRICE, OIL PRICES, OIL RESOURCES, OPEC, OPEN MARKETS, OUTPUT, PARTICULAR COUNTRIES, PERVERSE INCENTIVES, POLICY INSTRUMENTS, POLICY RESPONSES, POLITICAL ECONOMY, PORTFOLIO, PORTFOLIO ALLOCATIONS, PREFERENTIAL ACCESS, PRICE BANDS, PRICE FIXING, PRICE INCREASES, PRIVATE EQUITY, PRIVATIZATION, PRODUCERS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PROSPERITY, PROTECTIONISM, QUOTAS, RECESSION, REGIONAL INTEGRATION, REGIONAL TRADE, REGULATORS, RESPONSIBILITIES, RETIREMENT, RETURN, RETURNS, SAFETY NETS, SALES, SAVINGS, SECURITY CONCERNS, SETTLEMENT, SETTLEMENT SYSTEM, SHARE OF PROFITS, SKILLED WORKERS, SUPPLY CURVE, TAX, TAX CREDIT, TELECOMMUNICATIONS, TRADE BARRIERS, TRADE DISPUTES, TRADE DIVERSION, TRADE LIBERALIZATION, TRADE NEGOTIATIONS, TRADE POLICIES, TRADE POLICY, TRADE TAX, TRADING, TRADING SYSTEM, TREASURY, UNDERVALUATION, URUGUAY ROUND, VALUABLE, WAGES, WEALTH, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD MARKETS, WORLD TRADE, WORLD TRADE ORGANIZATION, WORTH, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2008/09/9892720/multilateralism-beyond-doha https://hdl.handle.net/10986/6950
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