The WTO’s Crisis: Between a Rock and a Hard Place
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
Standard
European Yearbook of International Economic Law. Hrsg. / Marc Bungenberg; Markus Krajewski; Christian J. Tams; Jörg Philipp Terhechte; Andreas R. Ziegler. Heidelberg: Springer Science and Business Media Deutschland, 2021. S. 321-358 (European Yearbook of International Economic Law; Band 11).
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - CHAP
T1 - The WTO’s Crisis
T2 - Between a Rock and a Hard Place
AU - Bäumler, Jelena
PY - 2021
Y1 - 2021
N2 - The perception of the World Trade Organization (WTO) is currently one of an organization in crisis. Yet, appraisal varies regarding its extent and seriousness: Is it merely a rough time or are we standing on the edge of destruction? The article will trace developments inside as well as outside of the WTO in order to assess the magnitude of the crisis. It will be argued that while certain developments inside the Organization, when seen in accumulation would already warrant serious attention, only together with developments taking place outside of the WTO, the two strands of developments unfold their full potential for the crisis. The overall situation renders the WTO in a difficult position, as it is currently unable to adapt to these challenges, while keeping calm and carrying on might similarly lead to its dissolution. While States might improve and further develop their trade relations in bi- and plurilateral agreements, it is only the WTO that reflects and stands for the multilateral post (cold) war order, which may be gradually fading in the years to come.
AB - The perception of the World Trade Organization (WTO) is currently one of an organization in crisis. Yet, appraisal varies regarding its extent and seriousness: Is it merely a rough time or are we standing on the edge of destruction? The article will trace developments inside as well as outside of the WTO in order to assess the magnitude of the crisis. It will be argued that while certain developments inside the Organization, when seen in accumulation would already warrant serious attention, only together with developments taking place outside of the WTO, the two strands of developments unfold their full potential for the crisis. The overall situation renders the WTO in a difficult position, as it is currently unable to adapt to these challenges, while keeping calm and carrying on might similarly lead to its dissolution. While States might improve and further develop their trade relations in bi- and plurilateral agreements, it is only the WTO that reflects and stands for the multilateral post (cold) war order, which may be gradually fading in the years to come.
KW - Law
UR - http://www.scopus.com/inward/record.url?scp=85130866632&partnerID=8YFLogxK
UR - https://kxp.k10plus.de/DB=2.1/PPNSET?PPN=1779970773&COOKIE=U1159563,K3110LOGIN,D2.1,E64489bd8-1,I110,B3110%2F0333+,SY,QDEF,A,H12,,73,,76-77,,80-90,NUB+L%C3%9CNEBURG,R193.174.46.118,FN
UR - https://www.mendeley.com/catalogue/4d80dd64-5609-3a0a-bb84-b88d74889db4/
U2 - 10.1007/8165_2020_60
DO - 10.1007/8165_2020_60
M3 - Chapter
AN - SCOPUS:85130866632
SN - 978-3-030-59070-3
T3 - European Yearbook of International Economic Law
SP - 321
EP - 358
BT - European Yearbook of International Economic Law
A2 - Bungenberg, Marc
A2 - Krajewski, Markus
A2 - Tams, Christian J.
A2 - Terhechte, Jörg Philipp
A2 - Ziegler, Andreas R.
PB - Springer Science and Business Media Deutschland
CY - Heidelberg
ER -