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Technical note
Reference no. UVA-GEM-0153
Published by:
Darden Business Publishing (2018)
7 February 2018
Revision date:
5 pages
Data source:
Published sources


This note provides a few basic facts about the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO). We also investigate why we need those institutions from an economic perspective. In other words, we seek to understand what problems the GATT/WTO solve, and why without them the trade liberalizations that they seek would not emerge.


General Agreement on Tariffs and Trade; GATT; World Trade Organization; WTO; Historical economics; Trade; International trade; Economics; World economy

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