Howse from politics to technocracy and back again mattoo from doha to the next bretton woods
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Howse, “From Politics to Technocracy – and Back Again” Mattoo, “From Doha to the Next Bretton Woods”. Trading Regimes. From GATT (1947) to WTO (1995) ‏. Basic principle: generalized reciprocity (MFN) ‏ Focus on manufactured goods vs. new areas (services, agriculture, intellectual property…) ‏

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Trading Regimes

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Howse from politics to technocracy and back again mattoo from doha to the next bretton woods

Howse, “From Politics to Technocracy – and Back Again”

Mattoo, “From Doha to the Next Bretton Woods”

Trading Regimes


From gatt 1947 to wto 1995

From GATT (1947) to WTO (1995)‏

Basic principle: generalized reciprocity (MFN)‏

Focus on manufactured goods vs. new areas (services, agriculture, intellectual property…)‏

Weak institutionalization vs. real IO

Weak trade dispute mechanism vs. binding arbitration

Growing membership


Embedded liberalism vs technocracy howse

“Embedded liberalism” vs. “technocracy” (Howse)‏

Embedded liberalism: efforts to reduce trade restrictions embedded in the values and institutions of the welfare state

Technocracy: pragmatic pursuit of efficiency (“creative destruction”)

Politics: balancing of conflicting values

Policy prescriptions: back to GATT; global civil society; WTO-WB-IMF-ILO commission


Controversial issues within the wto doha round

Controversial issues within the WTO (Doha round)‏

Labor and environmental standards

Agricultural subsidies

Investment regime

Intellectual property rights


New trade agenda

New trade agenda?

  • Doha round (focused on relatively trivial issues) – sidelined by bilateral and regional agreements

  • Need to target international cartels

  • Need for cooperation between the IMF and WTO

    - to correct the undervaluation of major currencies and regulate SWFs

  • Major imbalances?

  • Need to cooperate on climate change without the threat of trade sanctions – transfer of finance and know-how


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