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New powers in the club: the challenges of global trade government AMRITA NARLIKAR * The capital of Qatar Development Agenda (DDA)the first trade assault to be negotiated under the umbrella of the World allot formation (WTO), and the 9th in the postwar multilateral trading systemhas been crabbed 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 antiphonary to these changes. The most strategic of these changes has been the shift in the economic equilibrium 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 behind to aline their decision-making structures to re flect these groundlevel 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 response 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 progno sticate the drumhead: what impact has the ! emergence of the red-hot powers of the BICs had on the WTO? The article publication in four parts. In the first section, I set up a brief account of the changing role of the modern powers in the WTO. The second section analyses the opportunities that these developments generate, while the third investigates the challenges they pose. The fourth part and concluding section explores possible solutions, both...If you want to procure a plentiful essay, order it on our website: BestEssayCheap.com

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