This volume discusses the institutions of the WTO, the global forum for trade liberalization. Beyond multilateral liberalization, the WTO disciplines regional trade integration (such as EU, and NAFTA). The WTO now covers not only trade in goods and services, but also provides disciplines regarding protection of intellectual property rights that 153 states must observe. It further includes a unique dispute settlement system, the only forum for compulsory third party adjudication across states. Besides discussing the legal regime, the book discusses the economic rationale for the various WTO institutions, as well as the manner in which WTO law is received in key jurisdictions.