Bertelsmann Stiftung (ed.)

Prof. Gabriel Felbermayr, PhD; Prof. Dr. Mario Larch; Prof. Yoto V. Yotov, PhD; Prof. Dr. Erdal Yalcin

The World Trade Organization at 25

Assessing the Economic Value of the Rules Based Global Trading System

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Format Type: PDF
Date of publication: 30/12/2019
Volume/Format: 62 pages, PDF

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Description

On January 1st, 2020, the World Trade Organization is turning 25. This study assessing the economic value generated by this institution by computing trade and welfare that was rendered possible through the WTO’s system. It finds that gains are large and widespread, in particular the US, China and Germany are large beneficiaries of the multilateral rules based trading System.

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