Okonjo-Iweala: Development status at WTO a ‘design problem’

The World Trade Organization is unique among the major international economic organizations in allowing its members to identify their own level of development, Director-General Ngozi Okonjo-Iweala said on Tuesday, arguing it lacks the “clear rules of the game” of the International Monetary Fund and the World Bank. The issue of how countries identify at the WTO is one the U.S., in particular, has raised as an impediment to the WTO’s proper functioning. At the WTO, a member can decide whether...