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Trading into the Future
This research paper by Mark Halle examines the failures of the current multilateral trading system and proposes how it could be restructured to support a 'Great Transition' toward sustainable development. The author argues that while the fundamental principles of the World Trade Organization (WTO) are sound, the system has become a 'one size fits all' model that primarily benefits rich nations and ignores social and environmental goals. The paper explores three future archetypes—Agoria, Ecodemia, and Arcadia—demonstrating that a rules-based trading system can be adapted to serve any of these diverse socio-economic models if trade is treated as a tool for sustainable development rather than an end in itself.
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Document type: Research paper