Caixin OnlineOpinionCommentaries Why Giving Smaller Countries a Big Role in WTO Is Wrong
01.16.2013 15:08

Why Giving Smaller Countries a Big Role in WTO Is Wrong

Poorer economies have too much power in the body supervising global trade, undermining a system they benefit from
By Arvind Subramanian
 
A

The list of candidates to succeed Pascal Lamy as director-general of the World Trade Organization has just been finalized. Astonishingly, not one of the nine aspirants is from the world's four big major trading entities – the United States, Europe, Japan or China – that together account for more than
55 per cent of global merchandise exports. That is both a metaphor for what ails the supervisory body for global trade and a signal of its bleak prospects.

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