Read more
The World Trade Organization is undergoing an existential crisis. Trade links the world not only through the flow of international commerce in goods, services, and ideas; but also through its economic, environmental, and social impacts. Trade links are supported by a WTO trading system founded on rules established in the 20th century which do not account for all the modern changes in the global economy. James Bacchus, a founder of the WTO, posits that this global organization can survive and continue to succeed only if the trade links among WTO members are revitalized and reimagined. He explains how to bring the WTO into the twenty-first century, exploring the ways it can be utilized to combat future pandemics and climate change and advance sustainable development, all while continuing to foster free trade. This book is among the first to comprehensively explain the new trade rules needed for our new world.
List of contents
Introduction: fraying links; 1. Links to the global economy; 2. Links to the pandemic; 3. Links to the pre-pandemic world; 4. Links to the trade inheritance; 5. Links to the new commercial economy; 6. Links to climate change; 7. Links to sustainable development; 8. Links to ecology and a circular economy; 9. Links to cooperation, equity, and inclusion; Conclusion: lasting links.
About the author
James Bacchus is Distinguished University Professor of Global Affairs and Director of the Center for Global Economic and Environmental Opportunity at the University of Central Florida. While a member of the Congress of the United States, he helped create the World Trade Organization. He was a founding judge and the chief judge for the WTO during its first decade.
Summary
The World Trade Organization can survive and continue to succeed only if the trade links among WTO members are revitalized and reimagined. This book paints a detailed vision of how the rules of the WTO must be transformed to free trade, fight climate change, and further sustainable development.
Foreword
This book details how the World Trade Organization must transform to free trade, fight climate change, and further sustainable development.
Additional text
'No element of the international order has emerged more battered by the Trump Presidency and the COVID Pandemic than global trade. In this absolutely essential book, James Bacchus, former member of Congress and of the World Trade Organization (WTO) Appellate Body, sketches out how our world leaders can restore and shape the trading system to address the economic, health, and climate challenges that will dominate the twenty-first century.' Ambassador Eric Edelman Edelman, John Hopkins University
