Despite the temporary disruption to the process of multilateral trade liberalization at Seattle in December 1999, the work of the World Trade Organization (WTO) continues. This far-reaching book explores the trade and investment issues that have been outstanding in discussions at the WTO since the failure of the 1999 talks. The distinguished contributors combine structural and policy analysis for a comprehensive assessment of the trends, problems and opportunities demanding attention in multilateral trade negotiations.

Examining the World Trade Organization, this book covers the basics: the WTO's history, its structure, and its practices and concerns. It presents an overview of the world trading system since the end of World War II. It also explains the profound changes brought about by the establishment of the WTO.

Reconstructing the World Trade Organization for the 21st Century explores the reasons for the WTO's failure to achieve comprehensive multilateral trade liberalization in the new 21st century global economy. The solution to the problem must come from institutional reforms that can promote global agreement on achieving the gains from trade.

This is primarily a textbook for graduate and upper-level undergraduate students of law. However, practising lawyers and policy-makers who are looking for an introduction to WTO law will also find it invaluable. The book covers both the institutional and substantive law of the WTO. While the treatment of the law is often quite detailed, the main aim of this textbook is to make clear the basic principles and underlying logic of WTO law and the world trading system. Each section contains questions and assignments, to allow students to assess their understanding and develop useful practical skills. At the end of each chapter there is a helpful summary, as well as an exercise on specific, true-to-life international trade problems.

The World Trade Organization can survive and continue to succeed only if the trade links among WTO members are revitalized and reimagined. This book paints a detailed vision of how the rules of the WTO must be transformed to free trade, fight climate change, and further sustainable development.

Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.