In Power and the Governance of Global Trade, Soo Yeon
Kim analyzes the design, evolution, and economic impact of the
global trade regime, focusing on the power politics that prevailed
in the regime and shaped its distributive impact on global trade.
Using documents now available from the archives of the General
Agreement on Tariffs and Trade (GATT), Kim examines the
institutional origins and critical turning points in the evolution
of the GATT, as well as preferences of the lesser powers of the
developing world that were the subject of heated debate over the
International Trade Organization (ITO), which failed to
Using quantitative analysis, Kim assesses the impact of the
global trade regime on international trade and finds that the rules
of trade forged by the great powers resulted in a developmental
divide, in which industrialized countries benefited from trade
expansion but developing countries reaped far fewer gains. The
findings indicate that a successful conclusion to the Doha Round of
the World Trade Organization (WTO) is urgently needed to mitigate
the developmental divide by increasing trade between the
industrialized and developing worlds.
Kim offers a timely reading of the GATT/WTO system as a way to
think about how trade and globalization more broadly may be
governed in this post-Cold War century, as the global economy
contends with a new geopolitical configuration featuring rising
powers from the developing world. Important trading nations such as
China, India, and other emergent actors in the G-20 countries, Kim
argues, reflect the new power politics that will shape the course
of global trade governance in the years to come.
Subjects: Political Science
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