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The political economy of international trade : the relevance of the International Trade Organization Project
Graz, Jean-Christophe
This article examines the International Trade Organisation (ITO), the still born organisation linked to the Bretton Woods institutions of the post-war era. It recasts the history and failure of the ...ITO negotiations and presents the key principles of the ITO Charter. It outlines a framework of analysis for assessing the transformation in international political economy and state legitimacy that surrounded these negotiations. It argues that the aborted ITO project still offers some lessons for constructing credible alternatives to neoliberalism. In the context of increasing doubts about the world-wide consequences of neoliberal globalisation, the key question addressed in the 1940s by the negotiators of the ITO today remains as valid asever: how can we comprehensively define a compatible relationship between the transnationalisation of capitalism and the economic and social roles of political authority?
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