SOME FEATURES AND TRENDS OF THE WORLD TRADE IN THE GATT ERA

Rozalia Kicsi () and Aurel Burciu ()
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Aurel Burciu: „?tefan cel Mare” University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2014, vol. 14, issue 1(19), 7-14

Abstract: 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.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:14:y:2014:i:1(19):p:7-14

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