Summary of the text « From the failure of the WTO at Seattle … to the conditions for global governance »
Starting by acknowledging the irreversibility of the economic globalisation phenomenon, this document (a summary of the 61-page document « From the failure of the WTO at Seattle … to the conditions for global governance ») proposes a re-definition of the roles and functions of the WTO and gives propositions of action for both actors of the civil society and to the governments of countries’ members.
The failure of third ministerial meeting in Seattle revealed the incoherences and weaknesses of the multilateral system as a whole. Starting by acknowledging the irreversibility of the economic globalisation phenomenon, this document proposes a series of proposals for change.
In the first part, it is suggested that a re-definition of the roles and functions of the WTO is necessary in order that it can guarantee a regulated and managed trade, indispensable conditions for the commercial practices to be under the rule of law. This re-definition of the role and function of the Organisation needs 1) the establishment of clear and operational definition of sustainable development ; 2) the globalisation of policies undertaken by international organisations (IMF, World Bank, WTO) from convergence (at least) to coherence (an imperative); 3) the re-definition and re-negotiation of the rules of enterprises’ growth in order to prevent environmental and social threats ; 4) the creation of mechanisms of participation of the civil society.