scholarly journals Die Demontage der multilateralen Wirtschaftsordnung durch die Dritte Welle des Regionalismus

2003 ◽  
Vol 33 (133) ◽  
pp. 599-624
Author(s):  
Heribert Dieter
Keyword(s):  
At Risk ◽  
Developing Countries ◽  
International Monetary Fund ◽  
World Trade ◽  
World Trade Organisation ◽  
Regional Level ◽  
The World ◽  
The Usa ◽  
The International Monetary Fund

Economic multilateralism is at risk. Both the World Trade Organisation and the International Monetary Fund are undermined by competing regimes at the regional level. Bilateralism in trade is particularly mushrooming and might flourish further after the brealcdown of talks in Cancun. Especially the USA are organising their trading relations outside the WTO. These new regimes both undermine multilateralism as well as strengthen the more powerful nations. Developing countries are once again at the receiving end.

THE G77 AND THE RIGHT TO DEVELOPMENT

2016 ◽  
Vol 31 (1) ◽  
pp. 58-76
Author(s):  
Serges Djoyou Kamga
Keyword(s):  
Developing Countries ◽  
World Trade ◽  
World Order ◽  
World Trade Organisation ◽  
Just World ◽  
Right To Development ◽  
The World ◽  
The Right ◽  
The International Monetary Fund

Established in 1964, the G77 is the largest intergovernmental organisation representing developing countries in the United Nations. It was established to ensure a just world order and to ensure the realisation of the controversial right to development (RTD). The aim of this article is to explore the role of the G77 in fostering this realisation. To this end, it examines the platforms on which the G77 operates at the UN and beyond to explore the likelihood to lead to the achievement of the RTD. It finds that the UN Second, Third and Fourth Committees provide opportunities where the G77 can use its number to vote on various issues related to the realisation of the RTD. However, the G77 faces challenges related to the non-binding feature of the right, the constant opposition of many powerful Western countries that take important RTD decisions away from the UN, such as the World Trade Organisation, the International Monetary Fund and the G8 and the G20. To mitigate these challenges, the article calls on China’s influence in these fora to claim the RTD.

scholarly journals Trade in Financial Services—Has the IMF been Involved Constructively?

2011 ◽  
Vol 5 (1) ◽  
pp. 65-92
Author(s):  
Robert M. Stern
Keyword(s):  
Financial Services ◽  
World Trade ◽  
World Trade Organisation ◽  
Policy Issues ◽  
The World ◽  
Key Policy ◽  
Accession Process ◽  
Financial Liberalisation ◽  
The International Monetary Fund ◽  
The Imf

This paper considers the key policy issues related to liberalisation of trade in financial services that the International Monetary Fund (IMF) should be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its bilateral and multilateral surveillance and in conditionality attached to lending programmes. The IMF staff were generally aware of the literature and country experiences showing the benefits of financial liberalisation. But Fund advice in support of liberalisation can be best interpreted to be in support of country unilateral policy actions and the dynamics of the World Trade Organisation (WTO) accession process.

scholarly journals Book review: Unholy trinity: The IMF, World Bank and WTO Richard Peet

2014 ◽  
Vol 9 (4) ◽  
pp. 567-569
Author(s):  
M Breitenbach
Keyword(s):  
World Bank ◽  
International Monetary Fund ◽  
World Trade ◽  
Global Economy ◽  
World Trade Organisation ◽  
Political Interest ◽  
The International Monetary Fund ◽  
The Imf

In this timely book Richard Peet and his team lay the foundation with an excellent analysis of the process of globalisation and the resultant emergence of the global economy. The authors are especially critical of the increasing influence of institutions like the International Monetary Fund (IMF), World Bank and World Trade Organisation (WTO) on the economy and the consequences experienced by peoples, cultures and the environment. The single ideology of neo-liberalism is blamed for the undesirable outcomes. This book considers concepts of power, political interest, hegemony, discourse, responsibility and the power of practicality, in critically examining the IMF, World Bank and WTO. The conclusion is reached that “all three institutions play roles greatly different from those originally agreed to under the charters that set them up”.

Defining Accountability Up: the Global Economic Multilaterals

2004 ◽  
Vol 39 (2) ◽  
pp. 132-158 ◽  
Author(s):  
Miles Kahler
Keyword(s):  
World Trade Organization ◽  
World Bank ◽  
International Monetary Fund ◽  
World Trade ◽  
Democratic Accountability ◽  
The World Bank ◽  
The World ◽  
National Governments ◽  
The International Monetary Fund

AbstractCritics of the global economic multilaterals (GEMs) – the International Monetary Fund, the World Bank, and the World Trade Organization – allege that these organizations fail the test of democratic accountability. Two distinct measures of democratic accountability have been applied to the GEMs. To the degree that these organizations display ‘accountability deficits’, those deficiencies are the result of choices by the most influential national governments. Three techniques have been deployed to enhance the accountability of the GEMs: transparency (more information for those outside the institution), competition (imitation of democratic accountability) and changes in rules of representation (accountability to stakeholders rather than shareholders). Each of these may impose costs, however, and may conflict with other valued aims of the organizations.

Turkey's Foreign Trade and New Markets for Turkey

2016 ◽  
pp. 147-165
Author(s):  
Ahu Coşkun Özer
Keyword(s):  
Developing Countries ◽  
World Trade Organization ◽  
World Trade ◽  
Export Markets ◽  
New Markets ◽  
World Export ◽  
Trade Relations ◽  
The World ◽  
The Usa ◽  
Survey Results

The share of developing countries in the world trade is increasing every day. According to an assessment made by the World Trade Organization (WTO), a share of developing countries in the world export is expected to rise by 8.5% in the years ahead. Turkey's share in the world trade is around 1%, and it is expected to increase up to 1.5% by 2023.Turkey is ranked 22nd in the world export and 15th in the world import of goods. Turkey's current problems are account and trade deficits. New markets will potentially offer an opportunity to overcome both account and trade deficits. The aim of this chapter is to define new export markets for Turkey. According to the survey results, Turkey may potentially increase its export to the USA. Apart from the USA, Germany and Russia will continue to serve as export markets for Turkey in the years ahead. Therefore, Turkish companies will maintain their existing trade relations with these countries.

scholarly journals The world trade organisation and Human Rights: The role of principles of Good Governance

2017 ◽  
Vol 11 (2) ◽  
pp. 87
Author(s):  
Jeroen Denkers ◽  
Nicola Jägers
Keyword(s):  
Human Rights ◽  
World Trade ◽  
Good Governance ◽  
World Trade Organisation ◽  
International Organisations ◽  
The World Bank ◽  
The World ◽  
Protection Of Human Rights ◽  
The International Monetary Fund

The present article attempts to determine the role of principles of good governance in the discussion regarding the World Trade Organisation (WTO) and its human rights accountability. It shows that the WTO as an organisation cannot be compared to other international organisations that are more autonomous such as the International Monetary Fund (IMF) or the World Bank. This does not mean, however, that the WTO has no autonomous powers at all. This contribution attempts to make clear what these activities are and how they may affect the protection of human rights. The implementation of good governance principles in international organisations can be considered a sine qua non for the realisation of human rights. Therefore, it will be examined what role the principles of good governance plays within the WTO. More specifically, the focus will be on how the good governance principles of transparency and participation can contribute to sensitising the organisation for human rights considerations.

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