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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

View From The Top

Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World


Issue 76
April, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
View From The Top
Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World
Issue 76
04.01.2014

Subscribe       |       Newsletter        |        FAQ