Bernard Hoekman manages the World Bank's international trade department. Prior positions at the World Bank include Research Manager of the trade and international integration program in the Development Research Group, leading the trade capacity building program of the World Bank Institute and working as a trade economist in the Middle East/North Africa and Europe and Central Asia departments. He has published widely on the functioning of the multilateral trading system, trade in services, preferential trade agreements and trade and investment policy. Between 1988 and 1993 he worked as a research economist in the GATT Secretariat in Geneva. He is a graduate of the Erasmus University Rotterdam, holds a Ph.D. in economics from the University of Michigan and is a Research Fellow of the London-based Centre for Economic Policy Research.
Dr. Michel Kostecki is Professor and Deputy Dean of the Faculty of Economics of the University of Neuchâtel, Switzerland. He has been founding director of The Enterprise Institute at the same university and directed the joint doctoral program in Administrative Sciences of the French-speaking Swiss universities. He completed his PhD at the Graduate Institute of International Studies in Geneva and worked at the Institute of Operations Research and Applied Mathematics at the University of Zurich. During the Uruguay Round Professor Kostecki was Counsellor in the GATT (now WTO) secretariat. He was Professor of Business Economics at the Université de Montréal (HEC) in Canada and Investment Manager at a financial company of one of the leading German banks. He has published extensively on international trade and business, acted as consultant to organisations such as ASEAN, ICTSD, ITC, OECD, UNCTAD, World Bank, WTO, various ministries and multinational companies.

• Introduction


• 1: The Trading System in Perspective


• 2: The World Trade Organization


• 3: Dispute Settlement and Enforcement of Rules


• 4: Negotiating Forum


• 5: Trade in Goods


• 6: Sector-Specific Multilateral Trade Agreements


• 7: Trade in Services


• 8: Protection of Intellectual Property


• 9: Safeguards and Exceptions


• 10: Preferential Trade Agreements and Regional Integration


• 11: Plurilateral Agreements


• 12: Developing Countries and Economies in Transition


• 13: Towards Deeper Integration? The 'Trade and' Agenda


• 14: Legitimacy, Coherence and Governance


• 15: Where to from Here?


• Annex 1: GATT/WTO MEMBERSHIP, 2008


• Annex 2: THE ECONOMICS OF TRADE POLICY-BASIC CONCEPTS


• Bibliography

A comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been expanded and updated to cover developments in the WTO since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines.