Assessing the Economic Value of the Rules Based Global Trading System
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
- Format Type
- Date of publication
- 30/12/2019
- Volume/Format
- 62 pages, PDF
Format
-
PDF
Price
Free of charge
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.
