THEORETICAL APPROACHES TO THE STUDY OF THE EFFECTS OF COUNTRIES' ACCESSION TO THE WTO ON THE ECONOMY
Keywords:
World Trade Organization, WTO, international trade, liberalization, distributional effects, Sustainable Development GoalsAbstract
The article examines the key features and consequences of countries' accession to the World Trade Organization (WTO). Particular attention is paid to the WTO accession process, trade liberalization commitments, the impact on the distribution of gains and losses, and the economic arguments for the existence of the WTO and its contribution to the Sustainable Development Goals. Various studies are analyzed, which show that the impact of WTO accession on the economies of countries is ambiguous and depends on many factors
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References
Cattaneo, O. & Primo Braga, C.A. Everything you always wanted to know about WTO accession. World Bank Policy Research Working Paper. 2009.
Bagwell, K. & Staiger, R.W. (2002). Economic Theory and the Interpretation of GATT/WTO. The American Economist, 46.2, 3-19. URL: http://journals.sagepub.com/doi/pdf/10.1177/056943450204600201
