From Bretton Woods to the World Trade Organization and the Formation of Regional Trading Blocs

Author(s):  
Joan R. Rodgers
2008 ◽  
Vol 16 (1) ◽  
pp. 100-114
Author(s):  
KOFI OTENG KUFUOR

In August 2007, Ghana's Ministry of Trade, Industry and Presidents Special Initiatives (MOTI) announced a ban on imported tomato paste and concentrate. The ban took effect from 1st November 2007. The consequence of the ban is that any tomato paste or concentrate imported into Ghana will be confiscated to the state.1 On its face, this decision is quite strange. Since the early 1980s and stemming from a crippling economic crisis at the time, Ghana has embraced the Bretton Woods neoliberal policy prescriptions as a panacea for its economic recovery. As part of its commitment to neoliberalism, Ghana has adhered to trade liberalization and evidence of this is carefully documented in its Trade Policy submissions to the World Trade Organization (WTO).2 Thus, the import ban is a deviation from the commitment to trade liberalization and is one of the few instances where MOTI has moved to grant new levels of protection to domestic industry.3


2012 ◽  
pp. 132-149 ◽  
Author(s):  
V. Uzun

The article deals with the features of the Russian policy of agriculture support in comparison with the EU and the US policies. Comparative analysis is held considering the scales and levels of collective agriculture support, sources of supporting means, levels and mechanisms of support of agricultural production manufacturers, its consumers, agrarian infrastructure establishments, manufacturers and consumers of each of the principal types of agriculture production. The author makes an attempt to estimate the consequences of Russia’s accession to the World Trade Organization based on a hypothesis that this will result in unification of the manufacturers and consumers’ protection levels in Russia with the countries that have long been WTO members.


2010 ◽  
Vol 27 (4) ◽  
pp. 23-44
Author(s):  
Ruzita Mohd. Amin

The World Trade Organization (WTO), established on 1 January 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), has played an important role in promoting global free trade. The implementation of its agreements, however, has not been smooth and easy. In fact this has been particularly difficult for developing countries, since they are expected to be on a level playing field with the developed countries. After more than a decade of existence, it is worth looking at the WTO’s impact on developing countries, particularly Muslim countries. This paper focuses mainly on the performance of merchandise trade of Muslim countries after they joined the WTO. I first analyze their participation in world merchandise trade and highlight their trade characteristics in general. This is then followed by a short discussion on the implications of WTO agreements on Muslim countries and some recommendations on how to face this challenge.


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