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A World Trading System for the Twenty-First Century

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When designing a world trading system for the twenty-first century, “Keep calm and carry on” beats “Move fast and break things.”

Global trade is in trouble. Climate change, digital trade, offshoring, the rise of emerging markets led by China: Can the World Trade Organization (WTO), built for trade in the twentieth century, meet the challenges of the twenty-first? The answer is yes, Robert Staiger tells us, arguing that adapting the WTO to the changed economic environment would serve the worl...