Shifting Power: The Rise of Brazil, India and China at the WTO.

[摘要] The rise of emerging markets, such as China, India and Brazil, is reshaping the global economy and challenging the traditional dominance of the US and other advanced-industrialized states.At the same time, reforms have occurred in many global governance institutions to increase the representation of the large emerging economies.This raises two key questions:Are the emerging economies gaining real influence in determining how the global economy is governed and regulated?If so, what impact are they having on the multilateral system and global economic governance?In this paper, I analyze the role and impact of Brazil, India and China at the World Trade Organization (WTO), a core institution in global economic governance.I argue that the new developing country powers are indeed exercising considerable influence, with profound consequences:the result of such power shifts has been multilateral disintegration and the stillbirth of neoliberalism at the WTO.Although the new powers are challenging the hegemony of the US rather than the neoliberal paradigm of the WTO, the consequence has been a stalemate between the old and new powers in the Doha Round of trade negotiations.Power shifts have thus halted the WTO’s project of the progressive expansion of trade liberalization and neoliberal economic restructuring.

[发布机构] University of Michigan

[效力级别] Rising Powers

[关键词] World Trade Organization (WTO);Rising Powers;Brazil;India;China;Emerging Economies;Sociology;Social Sciences;Sociology