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The Free Trade Adventure - The WTO, the Uruguay Round and Globalism: A Critique (Paperback, Illustrated Ed)
Loot Price: R1,470
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The Free Trade Adventure - The WTO, the Uruguay Round and Globalism: A Critique (Paperback, Illustrated Ed)
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Free trade lies at the heart of the new era of globalisation. This
superb account explains the theory of free trade and how it has
been put into practice. The author reviews the history of 20th
century trade agreements. He traces what happened to GATT, with its
quite narrow ambit, before the USA pushed the world into the
Uruguay Round. This renegotiation of the rules of international
trade, enshrined in the World Trade Organisation Agreements, is now
taking free trade much further than ever before. The author
examines the benefits and hidden costs of the WTO Agreements in
both economic and non-economic terms. He looks at their
implications for weaker economies and their likely consequences in
terms of environmental protection, labour standards and political
sovereignty. But alternatives do exist, he argues, to an
over-reliance on free trade. These include managed trade, fair
trade and self-reliant trade. And he sets out a series of
innovative proposals for reforming the basic building blocks for
managing the global economy - the WTO, IMF and World Bank.
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