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Abstract: International trade is essential for developing countries: all economically successful developing countries since World War II have achieved such success through international trade. It is imperative that the regulatory framework for international trade, currently under the auspices of the World Trade Organization (WTO), enables developing countries, presently making up a large majority of the WTO, to adopt effective traderelated development policies. However, the current regulatory system exhibits a “development defi cit”, with its provisions preventing the adoption of key trade-related development policies. This article discusses the problems with the current regulatory system and proposes specifi c regulatory and institutional reforms to better facilitate economic development.
Keywords: international trade; international economic law; World Trade Organization; economic development; developing countries; General Agreement on Tariffs and Trade.
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