In reflecting on the record of the World Trade Organization during its first ten years of existence I have chosen to take a ‘political’ view. In doing so, I am aware that other observers might well draw quite different conclusions from my own. However, it is often the political perceptions that count. Indeed, in the past few years, as the WTO has gained recognition in the public consciousness, the work of the institution has sometimes been deflected from what strict economic or legal analysis might suggest as the ‘best courses’ for the overall public good.