The Role of the World Trade Organization in Global Governance

By Gary P. Sampson | Go to book overview

2
Balancing competing interests:
The future role of the WTO

Deputy Prime Minister and Minister of Commerce, Thailand
Supacbai Panitchpakdi

The world economy has become more and more integrated and interdependent through increasing trade and capital mobility. Global trade and financial liberalization are believed to be the driving forces of world economic growth. The world's total output is now about 8 times what it was in 1948, but the value of world merchandise trade is 18 times as large. The problem is how to distribute the gains from increased global trade among countries in order to convince them of the benefits from further liberalization.

To many countries, greater trade flows have apparently brought gains, including greater per capita income and higher export earnings. However, obstacles and barriers to trade still exist, especially against the poorer countries. These must receive closer and greater attention in the global trade talks to ensure that open trade can concretely—and not just potentially or ideally—benefit all economies in the direction of free trade and efficient production.

If the future trade agenda of the World Trade Organization (WTO) is to be sustainable and is to command the support of the whole international community, then the WTO's members, both great and small, must be equal partners in its formulation and must be able collectively to claim ownership of it.

In particular, to sustain the primacy of the multilateral trading system for developing countries, which account for two-thirds of

-29-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
The Role of the World Trade Organization in Global Governance
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 298

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.