This is the fifteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy.

• Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level
• Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews
• Analyses trade policy in areas such as Japan, Indonesia, Israel, and the United Arab Emirates
• Investigates the challenge of aligning the mission, means, and legitimacy of international organizations
• Contributors including John Walley and Jan Aart Scholte also examine the concept of globalization – both its definition and its values
• A vital resource for researchers, analysts, and policy-advisors interested in trade policy and other open economy issues

David Greenaway is Vice-Chancellor of the University of Nottingham, where he is also Professor of Economics and Research Fellow in the Leverhulme Centre for Research on Globalisation and Economic Policy.