WTO dispute settlement mechanism

Authors

DOI:

https://doi.org/10.31617/zt.knute.2019(105)01

Keywords:

trade war, trade conflict, trade dispute, effectiveness ratio, criterion, hypothesis of existence of a trend

Abstract

BackgroundTheWTOdisputesettlement mechanism ensures the security and predictability of the international trading system, which necessitates evaluating the effectiveness of its application.
The review of scientific sourcesThere are no systematic methodological bases for assessing the effectiveness of countries’involvement in the WTO dispute settlement mechanism.
The aim of the articleis to investigate the nature and effectiveness of the WTO dispute settlement mechanism.
Materials and methods. Methods of analysis and synthesis, method of mathematical modeling, method of statistical analysis are used in the article. The research based on scientific publications and materials of the World Trade Organization.
ResultsIn the article staticand dynamic criteria for the effectiveness of the WTO trade dispute settlement mechanism have been proposed. The prevailing adherence to the static criterion is confirmed, which proves the validity of the WTO consultation procedure. The non-fulfillment of the dynamic criterion is evidenced, which can be interpreted as the lack of cumulative effect from the accumulated experience of settlement of trade disputes.
Conclusion. The results of the calculation of the proposed static and dynamic criteria are evidence of the key role of the WTO dispute settlement mechanism in preventing escalation of interstate trade conflicts.
 

Author Biographies

Nataliya KALIUZHNA, Kyiv National University of Trade and Economics

Doctor of Economics, Associate Professor,
Professor at the Department of International Economic Relations

Victoriya LEZHEPIOKOVA, Kyiv National University of Trade and Economics

Candidate of Economic Sciences, Associate Professor, Associate Professor
at the Department of International Economic Relations

References

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Flissak, K. A. (2016). Mizhnarodni torgovel'ni spory i misce ekonomichnoi' dyplomatii' u i'h vreguljuvanni [International trade disputes and the place of economic diplomacy in its settlement]. Aktual'ni problemy mizhnarodnyh vidnosyn – Actual problems of international relations. (Is. 127). (Part ІІ), (pp. 152-164). DOI: https://doi.org/10.17721/apmv.2016.127.2.152-164 [in Ukrainian].

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Published

2019-09-05

How to Cite

[1]
KALIUZHNA Н. and LEZHEPIOKOVA В. 2019. WTO dispute settlement mechanism. Foreign trade: economics, finance, law. 105, 4 (Sep. 2019), 5–16. DOI:https://doi.org/10.31617/zt.knute.2019(105)01.

Issue

Section

GLOBAL ECONOMY