WTO 2.0: Global governance of supply-chain trade

Richard Baldwin,

Date Published

Sat, 12/22/2012

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International trade

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CEPR

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http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_064.asp

CEPR Policy Insight No. 64 is available to download free of charge here.

Tags
WTO, global value chains, WTO 2.0, supply-chain trade

WTO 2.0: Thinking ahead on global trade governance

Richard Baldwin 22 December 2012

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The cross-border flows of goods, investment, services, know-how and people associated with international production networks – call it ‘supply-chain trade’ for short – has transformed the world (Gereffi and Lee 2012). The WTO has not kept pace. It is time to change that, as I argue in CEPR Policy Insight No 64, posted today (Baldwin 2012). Before turning to the governance issue, consider the changes.

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Topics:  International trade

Tags:  WTO, global value chains, WTO 2.0, supply-chain trade

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