THE WORLD TRADE ORGANIZATION: CONTENT, THEORETICAL FOUNDATIONS AND CORE PRINCIPLES
DOI:
https://doi.org/10.5281/zenodo.19663655Abstract
This article presents a comprehensive theoretical analysis of the World Trade Organization (WTO), examining its historical evolution, institutional architecture, and foundational principles. Drawing on classical and contemporary theories of international trade, the study systematically explores the WTO's core principles - Most-Favoured-Nation (MFN) treatment, National Treatment, tariff binding, transparency, and special and differential treatment for developing countries. The article further analyses the WTO's main legal instruments, including GATT, GATS, and TRIPS, and evaluates the role of the Dispute Settlement Body as a pivotal mechanism of international economic governance. Particular attention is devoted to the theoretical underpinnings of free trade as advanced by Adam Smith and David Ricardo, and to contemporary challenges confronting the multilateral trading system, including protectionism, digital trade, and the impasse in the Doha Development Round. The findings confirm that the WTO remains the central institutional pillar of the global trading order, while also highlighting its structural limitations and reform imperatives.
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