Danica Popović Faculty of Economics and Center for Liberal-Democratic Studies WTO: four principles, not just one Lepenski vir, 14-16 april 2005.

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Presentation transcript:

Danica Popović Faculty of Economics and Center for Liberal-Democratic Studies WTO: four principles, not just one Lepenski vir, april 2005.

Developments in Serbian foreign trade,

Pathological developments in trade shares,

Low exports, but low import shares also

Public opinion on liberalization The hostile and excessive liberalization The hostile and excessive liberalization Largest liberalization in the region Largest liberalization in the region EU and WTO are too far away … EU and WTO are too far away …

Solution Export-led growth Export-led growth FDIs FDIs Fascilitating exports? Fascilitating exports? Changes in exchange-rate policy? Changes in exchange-rate policy? Creating competitive environment? Creating competitive environment? The Government potentials The Government potentials Influence of lobbying groups Influence of lobbying groups Domestic Domestic New lobbying groups FDIs New lobbying groups FDIs EU and WTO EU and WTO

The need for WTO principles … 4 principles, not just one 4 principles, not just one 1. Freer trade, tarification and reducing tariffs 2. Non-discrimination, MFN exemptions exemptions Free Trade Agreements (FTA) Free Trade Agreements (FTA) Generalized System of Preferences Generalized System of Preferences Barriers against products which are unfairly traded Barriers against products which are unfairly traded 3. Transparency and predictable policies 4. Encouraging competition

Coordination and preparation To identify the authorities or institutions within a country that will oversee application and ensure compliance with WTO rules and requirements Policies that violate WTO principles have to be identified and repealed. This set of principles, are not just rules but a way of thinking that must adopted and implemented by governments in all areas of activity (economic, regulatory, etc.). If foreign trade is the only area being subjected to this set of principles—trade liberalization will not have the effect that WTO Member countries anticipated That is the main reason why trade liberalization of some countries accomplished through WTO accession did not result in those results predicted by conventional economic wisdom.

Kada je ko ušao u WTO...

Creating a new public opinion 10 common misunderstandings about the WTO 1. WTO dictates? 2. Blindly for trade? 3. Neglects developoment? 4. Anti-green? 5. Anti-health? 6. Wrecks jobs? WTO dictates?lindly for trade? Neglects developoment?Anti-green?Anti-health?Wrecks jobs?WTO dictates?lindly for trade? Neglects developoment?Anti-green?Anti-health?Wrecks jobs? 7. Small left out? 8. Tool of lobbies? 9. Weak forced to join? 10. Undemocratic? Small left out?Tool of lobbies?Weak forced to join?Undemocratic?Small left out?Tool of lobbies?Weak forced to join?Undemocratic?