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In Search of Stability: Understanding Global Trade Architecture
In Search of Stability: Understanding Global Trade Architecture

Global Trade Architecture defines the framework within which international trade takes place. Starting with the Bretton Woods system to the current WTO regime, various experiments in multilateralism have taken place to mitigate the anarchic arena in which international relations and therefore international trade is conducted. However, these institutions have faced challenges - not only to their goals but also their legitimacy - since their very inception. This report outlines the various developments in global trade architecture and its dynamic nature and elements. It shows how the WTO system was being undercut almost as soon as it was conceived by developments in bilateral and pluri-lateral trade. Issues with the current discourse on FTAs are also discussed. 

2019
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