One wants an institution in which the developing countries have more voice than say the World Bank, and one wants an institution that is less committed to the neoclassical model (in which there is no unemployment) and more committed to development. The GTF could also compensate developing countries in the case of other trade violations (including for already existing rights) where it is determined existing enforcement mechanisms are inadequate, e.g. because the implementation of such sanctions would impose significant costs on the developing country. The gains in ‘equity’ from such targeted taxation have to be balanced against the resulting distortions, which given the proposed rates are likely to be very small.