The purpose of this work is to access the interaction between developing countries and the multilateral trading system from the end of World War II to the present, and to place the achievements and failures of the Uruguay Round (UR) in that context. The author traces both the history of the General Agreement on Tariffs and Trade (GATT) since its origin in 1947 and the failure soon thereafter to establish the International Trade Organization (ITO) that would have subsumed it. A discussion on the extent to which the flaws of GATT have been rectified in the newly established World Trade Organization (WTO) follows. Also, a brief account of the UR agreement with a quantitative assessment of the benefits of trade barrier reductions, and a critical look at the agreements on other issues are presented.Further, the evolution of developing countries’ participation in the GATT and the incorporation of concerns for development in the GATT articles are described. The possible future linkages between trade policies and environmental and labor standards, as well as the dangers of linkages, are addressed. Next, the opportunities and threats regionalism poses to a liberal global trading and investment order are explored, and the institutional reforms necessary for the integration of developing countries into the global economy are discussed. The work closes with an analysis of the impact that possible interactions between the WTO, the IMF, and the World Bank would have on developing countries. A new postscript provides information on the most current developments in multilateral economic institutions and trading.
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T. N. Srinivasan is Samuel C. Park Jr. Professor of Economics at Yale University.
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First Sentence:
The origin of the GATT can be traced to the U.S. government's Proposals for the Expansion of World Trade and Employment (hereafter, the Proposals), published on December 6, 1945, and forwarded to all other countries in the world. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
world trading order, social clause, international labor standards, antidumping measures, major developing countries, enabling clause Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Uruguay Round, World Bank, Tokyo Round, Final Act, Latin America, European Union, Financial Times, Bretton Woods, East Asia, Hong Kong, Sub-Saharan Africa, Punta del Este, European Commission, World Trade Organization, New Zealand, South Asia, Soviet Union, World War, General Agreement, New York Times, Post Postscript, Renato Ruggiero, Department of Commerce, Generalized System of Preferences New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The origin of the GATT can be traced to the U.S. government's Proposals for the Expansion of World Trade and Employment (hereafter, the Proposals), published on December 6, 1945, and forwarded to all other countries in the world. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
world trading order, social clause, international labor standards, antidumping measures, major developing countries, enabling clause Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Uruguay Round, World Bank, Tokyo Round, Final Act, Latin America, European Union, Financial Times, Bretton Woods, East Asia, Hong Kong, Sub-Saharan Africa, Punta del Este, European Commission, World Trade Organization, New Zealand, South Asia, Soviet Union, World War, General Agreement, New York Times, Post Postscript, Renato Ruggiero, Department of Commerce, Generalized System of Preferences New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
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books:
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- The Uruguay Round and the Developing Countries by Will Martin on 4 pages
- New Dimensions in Regional Integration by Jaime De Melo in Back Matter (1), Back Matter (2), and Back Matter (3)
- End of the Nation State by Kenichi Ohmae in Back Matter (1), and Back Matter (2)
- The Law of Peoples: with "The Idea of Public Reason Revisited" by John Rawls on page 79, and Back Matter
- Trade Policies and Developing Nations (Integrating National Economies : Promise and Pitfalls) by Anne O. Krueger in Back Matter (1), and Back Matter (2)
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