Efficiency, Equity, and Legitimacy by Roger B. Porter, Pierre... - 9780815771630

Efficiency, Equity, and LegitimacyThe Multilateral Trading System at the Millennium\nAuthor(s): Roger B. Porter, Pierre Sauve, Arvind Subramanian\nFormat: Paperback\nPublisher: Bloomsbury Publishing Plc, United States\nImprint: Brookings Institution\nISBN-13: 9780815771630, 978-0815771630\nSynopsis\nA Brookings Institution Press and the Center for Business and Government at Harvard University publication\n\nThe multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. These essays by leading scholars and trade officials honor Raymond Vernon, one of the architects of the international economic institutions established following the Second World War. The book examines several key issues at the heart of the debate over the multilateral trading system. What are the global efficiency gains from further liberalization? How can ?