Overview

The World Trade Organization is undergoing an existential crisis. Trade links the world not only through the flow of international commerce in goods, services, and ideas; but also through its economic, environmental, and social impacts. Trade links are supported by a WTO trading system founded on rules established in the 20th century which do not account for all the modern changes in the global economy. James Bacchus, a founder of the WTO, posits that this global organization can survive and continue to succeed only if the trade links among WTO members are revitalized and reimagined. He explains how to bring the WTO into the twenty-first century, exploring the ways it can be utilized to combat future pandemics and climate change and advance sustainable development, all while continuing to foster free trade. This book is among the first to comprehensively explain the new trade rules needed for our new world.

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9781009107785

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Reviews

'This book spells out in fascinating detail the multitude of links that are increasingly connecting the global population and brilliantly explains why sustainable development is a critical issue for the 21st century. Jim Bacchus describes how the multilateral trade rules can and must be upgraded and implemented to avoid disaster and to secure the benefits that could flow to all mankind, illustrating in captivating detail why today and in the future, self-interest constitutes shared interest. This is a truly an absorbing and persuasive analysis that is hard to put down.' Ambassador Carla Hills, former United States Trade Representative 'In an already polarized world, the pandemic has opened even deeper fissures between nations. In this magisterial and far-ranging book, Jim Bacchus shows why, despite all the challenges, international cooperation is more important than ever. Recrafting cooperation on trade, Bacchus rightly argues, is essential because that can offer a foundation for more effective cooperation on health, food, the environment, and other topics central to our welfare.' David Victor, University of California, San Diego 'With his extensive knowledge, deep insight, and penetrating logic, James Bacchus provides a comprehensive and compelling analysis of the twenty-first century challenges facing the troubled trading system. This book is essential reading for all who seek a deeper understanding of these challenges and seek practical policy guidance on how the system can be revitalized to meet them.' Robert Z. Lawrence, Harvard Kennedy School 'Jim Bacchus is one of the world's finest scholars and practitioners in the field of international trade law and policy. In Trade Links: New Rules for a New World, he makes the case for protecting the World Trade Organization – a body of laws for trade policy that has helped to promote peace and prosperity. But if we want things to stay as they are, wrote di Lampedusa, things will have to change. In the same spirit, Professor Bacchus argues that the WTO has to change if we want it to have a meaningful role in addressing twenty-first century problems. Let's hope our leaders will read and heed his advice!' Fredrik Erixon, Founding Director of the European Centre for International Political Economy 'No element of the international order has emerged more battered by the Trump Presidency and the COVID Pandemic than global trade. In this absolutely essential book, James Bacchus, former member of Congress and of the World Trade Organization (WTO) Appellate Body, sketches out how our world leaders can restore and shape the trading system to address the economic, health, and climate challenges that will dominate the twenty-first century.' Ambassador Eric Edelman Edelman, John Hopkins University 'Jim Bacchus was the chief judge for the World Trade Organization in its first decade. Now, at a time of crisis for the global trading system, he argues for a radical updating of the system for a world with huge new challenges, including the pandemic, climate change and the new digital economy. We must have the courage to reform the system rather than abandon the world economy to disorder. We are too interconnected for the latter choice to make any sense. He is right.' Martin Wolf, Financial Times 'Recommended.' S. Paul, Choice

Author Information

James Bacchus is Distinguished University Professor of Global Affairs and Director of the Center for Global Economic and Environmental Opportunity at the University of Central Florida. While a member of the Congress of the United States, he helped create the World Trade Organization. He was a founding judge and the chief judge for the WTO during its first decade.

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