Publisher's Synopsis
The GATT regime is under stress from a number of quarters. It appears that the embedded liberal strength in the GATT regime itself may not be sufficient to preserve its functioning and it finds itself, therefore, at a crossroads. Either it will lose its management capability, or it will succeed in bringing about a new stimulus for revival.;The demand for strengthening the regime is enormous; the reluctance, however, of the large trading nations to control protectionism and economic nationalism is evident, despite frequent lip service in favour of free trade.;This book presents the views of an international group of trade experts, who analyse the policies of the United States, Japan, and the European Community vis-a-vis the GATT, and assess the prospects for GATT revival under trilateral or transatlantic leadership.