Hoekman, Bernard; Martin, Will; Primo Braga, Carlos A. - 2012
emerged in the post, Second World War era, largely in reaction to the folly of protectionism and managed trade that …The multilateral trade system rests on the principle of nondiscrimination. The most-favored-nation (MFN) clause … embodied in article one of the General Agreement on Tariffs and Trade (GATT) was the defining principle for a system that …