SOME FEATURES AND TRENDS OF THE WORLD TRADE IN THE GATT ERA
In the first five decades of postwar era the efforts towards progressive liberalization of international trade and towards the accomplish of a multilateral trade regime were held under the auspices of GATT. Although it functioned as a forum for negotiation, the successes towards achieving the objective of creating an open multilateralism are notable. The number of countries preoccupied with adopting a commercial discipline has increased. Tariff protection was reduced considerably, as shown by the increase in openness of national markets. Empirical evidence shows a substantial boost of trade flows, the rate of world exports significantly outpacing GDP growth, which leads to new opportunities for development.
Year of publication: |
2014
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Authors: | KICSI, Rozalia ; BURCIU, Aurel |
Published in: |
The USV Annals of Economics and Public Administration. - Facultatea de Ştiinţe Economice şi Administratie Publica, ISSN 2285-3332. - Vol. 14.2014, 1(19), p. 7-14
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Publisher: |
Facultatea de Ştiinţe Economice şi Administratie Publica |
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