The Trading System in Perspective

Bernard M. Hoekman and Michel M. Kostecki

in The Political Economy of the World Trading System

Second edition

Published in print July 2001 | ISBN: 9780198294313
Published online November 2003 | e-ISBN: 9780191596445 | DOI:
 The Trading System in Perspective

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Chapter 1 makes up the first part of the book. It presents a brief historical overview of the evolution of the multilateral trading system and introduces the basic functions of the trade regime and the challenges that confront it. The sections of the chapter are as follows: Trade and global integration; Trade and trade agreements in history; Functions of the multilateral trading system; From GATT (General Agreement on Tariffs and Trade) to WTO (World Trade Organization); and The challenge of global cooperation.

Keywords: economic history; GATT; General Agreement on Tariffs and Trade; global cooperation; global integration; history; multilateral trading system; trade; trade agreements; World Trade Organization; WTO

Chapter.  14826 words.  Illustrated.

Subjects: International Economics

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