Abstract The multilateral trading system was a vision of post-World War II Allied planners for all nations living in harmony within a system of liberalized trade and agreed rules. The organization they envisaged, the International Trade Organization (ITO) went too far and was not created.
Abstract The multilateral trading system was a vision of post-World War II Allied planners for all nations living in harmony within a system of liberalized trade and agreed rules.
The organization they envisaged, the International Trade Organization (ITO) went too far and was not created.
What replaced it was a contract, the General Agreement on Tariffs and Trade (GATT), an arrangement which governed for almost fifty years.
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Abstract The multilateral trading system was a vision of post-World War II Allied planners for all nations living in harmony within a system of liberalized trade and agreed rules. The organization they envisaged, the International Trade Organization (ITO) went too far and was not created. What replaced it was a contract, the General Agreement on Tariffs and Trade (GATT), an arrangement which governed for almost fifty years.
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