Reclaiming Development in the World Trading System

Yong-Shik Lee

Jan 2006 · Cambridge University Press

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Prevalent poverty in less developed countries is one of the most pressing issues of our time and economic development in these countries is necessary to bring them out of poverty. As seen in the successful development cases of East Asian countries, international trade is closely relevant to economic development, and export facilitation and effective industrial policies have been the key to the successful development. Current GATT/WTO provisions facilitating development are insufficient and some WTO provisions prevent developing countries from adopting effective development policies. This book is the first attempt to suggest a comprehensive modification of the current GATT/WTO disciplines to better facilitate development. The book also examines the need to elevate the level of regulatory treatment of development issues by the WTO and proposes the Agreement on Development Facilitation and the Council for Trade and Development within the WTO.

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Yong-Shik Lee (Y. S. Lee) is a law and development scholar, an international trade lawyer, and an Associate Professor at the University of Sydney Law School. An expert in international trade law, Lee has pioneered legal analysis in safeguard measures in world trade, leading to the first comprehensive treatise on this subject titled Safeguard Measures in World Trade: The Legal Analysis, 2nd edition (2005). Currently he is an associate editor of the Journal of World Trade and the founding editor-in-chief of the Law and Development Review. He has taught international trade law, public international law, trade and development, business law, arbitration at law schools and business schools internationally.