CAN THE WORLD TRADE ORGANIZATION REORGANIZE WITHOUT THE UNITED STATES OF AMERICA?

The World Trade Organization (WTO) is an intergovernmental organization that has helped expand modern globalization by reducing tariff barriers and by regulating international trade among countries. Since 2016, both President Barack Obama and President Donald Trump have refused to allow the appointm...

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Bibliographic Details
Published inJournal of competitiveness studies Vol. 28; no. 2; pp. 41 - 49
Main Author Bridwell, Larry
Format Journal Article
LanguageEnglish
Published American Society for Competitiveness 22.06.2020
Subjects
Globalization
International trade
Lamy, Pascal
Protectionism
Tariffs
Trump, Donald
Qatar
China
India
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ISSN2330-4103

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Summary:The World Trade Organization (WTO) is an intergovernmental organization that has helped expand modern globalization by reducing tariff barriers and by regulating international trade among countries. Since 2016, both President Barack Obama and President Donald Trump have refused to allow the appointment of new judges for the critically important Dispute Settlement Process and as of December 11, 2019, the WTO can no longer adjudicate trade conflicts. The America First philosophy of no multilateral institutional intrusion on its sovereignty could lead the WTO to proceed without the United States, as has been suggested by former WTO Managing Director Pascal Lamy.
ISSN:2330-4103