By Peter Ungphakorn
POSTED DECEMBER 27, 2020 | UPDATED DECEMBER 28, 2020
There’s a little anecdote on the World Trade Organization’s website, right at the start of “Understanding the WTO”. As the name suggests, “Understanding” is the principal explainer of how the WTO works. The anecdote goes:
Participants in a recent radio discussion on the WTO were full of ideas. The WTO should do this, the WTO should do that, they said.
One of them finally interjected: “Wait a minute. The WTO is a table. People sit round the table and negotiate. What do you expect the table to do?”
If we keep that in mind as we read Farah Stockman’s New York Times opinion piece (“The W.T.O. Is Having a Midlife Crisis”, December 17, 2020), then it’s easier to see why so much of the piece is wrong.Continue reading “Yes, the WTO needs fixing—but not the way this NY Times piece imagines”