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Multilateralism in crisis: Can the world live without WTO?

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Synopsis

In an age of rising protectionism and trade wars, the future for globalisation and the organisation that champions it, looks bleak.

The World Trade Organisation (WTO), which was instituted to promote global trade through a multilateralism-backed global trading regime, is losing relevance. With global trade hammered by a pandemic, many wonder if it’s time to write WTO’s obituary.WTO’s 25 years of existence has been mixed, but the challenges it faces now are most serious in nature, and ones that question its very legitimacy. Much of the precipitous downward spiral began as

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