The principal founder of the WTO-based global trading order, the United States, appears hell bent on tearing it down by flouting its rules and undermining its core institution – the appellate board at the heart of its dispute settlement process. What can the rest of the world do to defend its stake in the prosperity and political security that the multilateral trading order delivers?
The United States has gone from underwriting the order for the past 70 years to becoming its biggest threat.
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Peter Drysdale is emeritus professor of economics and head of the East Asian Bureau of Economic Research and East Asia Forum at the Crawford School of Public Policy at the Australian National University.
