Publisher's Synopsis
In this sequel to his successful "Protectionism", Professor Bhagwati provides an analysis and overview of the perils and promise facing the post-war trading system. Embodied in the General Agreement on Tariffs and Trade (GATT), this system is currently in turbulence, buffeted by powerful centrifugal forces. Concerns with unfair trade are rampant; managed trade appeals to many; the USA, the bulwark of multilateralism, is resorting to aggressive unilateralism; regionalism is spreading. These phenomena, and the complex of ideas and structural changes in the world economy that drives them, are identified and assessed by Professor Bhagwari. He concludes with a synoptic view of the Uruguay Round of multilateral trade negotiations, demonstrating the oportunities to build the GATT, and hence the worked trading system anew.
