The Role of Multilateral Institutions in International Trade Cooperation
Author(s)
Maggi, Giovanni
Abstract
The role of the World Trade Organization (WTO) in the facilitation of international cooperation is analyzed by means of a multicountry model. The potential benefits offered by the WTO in terms of verification of violations of agreements and in the promotion of multilateral trade negotiations were also taken account in the study. The importance of a multilateral approach when bilateral trading relationships are characterized by strong imbalances is suggested by the model.
