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New powers in the club: the challenges of global trade cheek AMRITA NARLIKAR * The capital of Qatar Development Agenda (DDA)the first trade tear to be negotiated under the umbrella of the World allot makeup (WTO), and the 9th in the postwar multilateral trading systemhas been chase by recurrent deadlock. But the stasis surrounding the Doha negotiations should non be mistaken for stasis in the WTO. The world that the WTO was created to govern has been ever-ever-changing rapidly, and, unlike cosmosy a(prenominal) other international organizations, the WTO has proved unusually responsive to these changes. The most strategic of these changes has been the shift in the economic quietus of power, with the emergence of the refreshed powers that have come to be popularly known as the BRICs.1 Unlike other organizations, such as the IMF, the World Bank or the UN Security Council, that have been soft to aline their decision-making structures to reflect these groundl evel changes, the WTO has welcomed Brazil, china and India (the BICs) into the core of its decision-making. Moreover, many of these institutional changes within the organization are not a knee-jerk reply to the financial and economic crisis, but feed it.

As a result, the WTO today looks quite different from the rich mans club of the General Agreement on Tariffs and Trade (GATT), which was prevail by the old Quad (EU, US, Canada and Japan). Interestingly, however, this ability of the WTO to adapt to changing external imperatives has generated mixed results. In this expression, I prognosticate the school pr incipal: what impact has the emergence of t! he red-hot powers of the BICs had on the WTO? The article outlet in four parts. In the first section, I lead a brief account of the changing role of the refreshful powers in the WTO. The second section analyses the opportunities that these developments generate, while the third investigates the challenges they pose. The stern part and concluding section explores possible solutions, both...If you want to narrow a plentiful essay, order it on our website: BestEssayCheap.com

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