After Seattle: free trade and the WTO

After the debacle in Seattle at the WTO Ministerial meeting in 1999, when the member countries failed to launch a new round of multilateral trade negotiations, new challenges to both free trade and the WTO have acquired importance. The former can be met by confronting the conceptual confusions, unfounded fears and policy-design sloppiness that afflict many of the demands of the critics. The latter, however, require changes in the WTO's functioning. But a distinction must be made among three areas: trade negotiations, the secretariat's work, and the dispute settlement mechanism. Each requires a different treatment.