That the World Trade Organization was able to come to any kind of deal at its 12th ministerial meeting this month was something of a miracle.
The organization has been dead for years as a location for trade governance — and even longer as a place for successful negotiations.
In fact, reports of the WTO’s continued existence are greatly exaggerated. Until the two most influential trading powers in the world — the United States and China — commit to reform, the organization will continue to decline into irrelevance.
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