--- Doug Henwood <dhenwood at panix.com> wrote:
"The WTO is an instrument of national governments. It
> operates by consensus and doesn't have all that
much authority on its own. As Jagdish Bhagwati noted,
the IMF's travel budget is bigger than the
> WTO's entire budget."
What is the body that enacted rules of trade that supercede local labor and environmental regulations if they are held to be in restraint of trade?
BobW
>
> On Nov 20, 2007, at 9:52 PM, Robert Wrubel wrote:
>
> > This would inevitably be
> > accompanied by a shrinking role for national
> > governments and democratic institutions, and an
> > increasing role for non-democratic international
> > bodies like the WTO.
>
> The WTO is an instrument of national governments. It
> operates by
> consensus and doesn't have all that much authority
> on its own. As
> Jagdish Bhagwati noted, the IMF's travel budget is
> bigger than the
> WTO's entire budget.
>
> Doug
>
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