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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Economic consequences of the corona pandemic for developing countries and emerging markets

The spread of the corona virus (COVID-19) causes not only a high number of illnesses and deaths but also enormous economic damage. For many developing countries and emerging markets, whose economic development is fragile irrespective of this pandemic, the economic...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Open Plurilateral Agreements, Global Spillovers and the Multilateral Trading System

One of the key issues in WTO reform is to enhance the efficiency and flexibility of the institution. As it is often hard to reach consensus among 164 member states, one way forward could be that a subset of members deepens cooperation in a specific area. This could take...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Reform of WTO Working Practices

Reforming WTO working practices can increase the efficiency of the organisation and raise its attractiveness to its members. This paper summarises the main recommendations from our other publications on reforming WTO working practices.

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Bolstering International Cooperation on Subsidy Policies

Industrial subsidies are a major source of trade tensions among WTO members. Cooperating internationally on how to deal with industrial subsidies, improve transparency and create common disciplines would defuse many of these conflicts. This paper summarises the...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

WTO Dispute Settlement and the Appellate Body Crisis

Recent survey evidence and proposals made in long-running negotiations to improve WTO dispute settlement procedures illustrate that many stakeholders believe the system needs improvement. The Appellate Body crisis could have been avoided but for the use of consensus as WTO...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

A Fading Institution

In 1995, when the World Trade Organization (WTO) was founded, much was expected of this new forum. However, 25 years later, the WTO has not lived up to these great expectations, as an analysis of media coverage over this period shows. Since the mid-2000s, the intensity of...

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Asian Development Bank Institute (ADBI), Asia-Europe Foundation (ASEF), Bertelsmann Stiftung, Bruegel, Centre d’Études Prospectives et d’Informations Internationales (CEPII), Korean Institute for International Economic Policy (KIEP), Shanghai Jiao Tong Un (Hrsg.) (PDF), 2020

EU-Asia trade and investment connectivity

Global economic trends over the last decades have steadily increased the links between Asia and Europe. For both regions, a growing economic interdependency represents an opportunity to build strong, fair and sustainable relations. Nonetheless, constant global economic...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Informal Learning and WTO Renewal

WTO committees hold so-called „thematic sessions“. These informal meetings help to adopt a more forward looking agenda than the usual committee routine does. They also provide an opportunity to bring in outside stakeholders and experts on specific topics of interest to the...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Reforming WTO Conflict Management

The incapacitation of the Appellate Body in December 2019 was a huge blow to the judicial arm of the WTO. When improving and reforming rule enforcement at the WTO, it is however vital not only to look at the top if the dispute resolution pyramid but equally at the bottom. In...

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Bertelsmann Stiftung (Hrsg.) (PDF), 2020

Spillovers, Subsidies and Multilateral Cooperation

Negative international spillovers created by nontariff policies are a rising source of trade tensions and conflicts. The WTO does not include rules for subsidies for services industries, state-owned enterprises or investment incentives. Existing disciplines on industrial...

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