期刊名称：Discussion Paper Series / Department of Economics, New York University
出版年度：2007
卷号：1
出版社：New York University
摘要：The WTO dispute settlement system represents a major achievement of the Uruguay
Round. By most accounts, this system has worked very well. In the ongoing dispute
settlement understanding (DSU) review, WTO Members are considering proposals that
might lead to further improvements in the functioning of the dispute settlement system.
Many of these proposals concern different kinds of remedies that might be used in
response to a violation.
An evaluation of proposals for remedy reform requires a perspective as to the purpose of
the WTO. In this essay, I describe and then apply the terms-of-trade theory of trade
agreements. I argue that this theory offers a coherent interpretation of the purpose and
design of the WTO. The theory also offers novel insights with respect to proposed
reforms of the WTO remedy system.
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