The purpose of this research note is to draw on the concept of compliance as developed in international relations theory to point to future avenues of research. It is widely…
Abstract
Purpose
The purpose of this research note is to draw on the concept of compliance as developed in international relations theory to point to future avenues of research. It is widely understood that the World Trade Organization (WTO) dispute settlement system has worked well in the past 20 years. Surprisingly, however, systematic research on compliance with WTO law is still in its infancy.
Design/methodology/approach
The research note draws a distinction between first-order and second-order compliance and discusses limitations of existing work and possible ways forward.
Findings
This note suggests that more work, both conceptually as well as empirically, needs to be carried out.
Originality/value
Very little systematic research has been carried out on compliance with WTO law.
Details
Keywords
Several parameters set economic growth, and one of them is innovation. Thus, it is vital to realize the proper motives for a firm to innovate. The key actors in innovation systems…
Abstract
Several parameters set economic growth, and one of them is innovation. Thus, it is vital to realize the proper motives for a firm to innovate. The key actors in innovation systems – such as firms, research institutions, academia, and standards developing communities – affect knowledge creation, contribute to its diffusion and use, and set the global innovation capacity. Additionally, the market-driven and the worldwide open paradigm may aid to ensure stable and reliable integration, interactive abilities, and active collaborations to drive international innovation and its concepts forward. The World Trade Organization (WTO) is an international organization that assembles principles to produce such standards as mentioned above, so as to ensure a prosperous future globally. Global cooperation, openness, interaction, and the generation of motives for innovation are some of the principles that WTO embraces, and all of these are to benefit humanity from free market and trade growth, leading to triumph through innovation. Overall, this chapter examines the significant role of WTO in trade policy uncertainty and how innovation is ensured and stimulated by WTO regarding the specific case of the Chinese market.