Traders in a brave new world : the Uruguay Round and the future of the international trading system

Bibliographic Information

Traders in a brave new world : the Uruguay Round and the future of the international trading system

Ernest H. Preeg

University of Chicago Press, c1995

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Includes bibliographical references and index

Description and Table of Contents

Description

The recently concluded Uruguay Round of the General Agreement on Tariffs and Trade (GATT) will undoubtedly lead to a fundamental transformation of the world trading system as an instrument of a global economy. This account of the Uruguay Round includes an examination of the historical context in which it took place, and an insider's assessment of the agreement's future impact on the international trading system. The author places the Uruguay Round in the broader context of global politics and economics, showing how changes in the world order - from the collapse of communism to dramatic economic reforms in developing countries - influenced both the topics of negotiations and their outcome. He then assesses the final GATT agreement as a case study in international negotiations and evaluates its probable effects on income and trade. Finally, the book looks to the short- and long-term issues confronting future trade-policy negotiators. The author shows that the international trade agenda will consist of three evolving types of agreement - further multilateral commitments, regional free-trade agreements, and selective bilateral accords. The final chapter evaluates the political and economic relationships that will result from the international trading system.

Table of Contents

Preface Prologue: Rendezvous at Punta 1: The Decade That Transformed World Trade 2: The Wobbly Bicycle, 1979-1982 3: Establishing the Agenda, 1983-1986 4: Specifying the Objectives, 1987-1988 5: The Road to Brussels, 1989-1990 6: Farm Subsidy Showdown, 1991-1992 7: Diplomatic and Political Endgames, 1993-1994 8: The Final Agreement: An Assessment 9: A Trade Agenda for the 1990s 10: The Brave New World Economic Order App. A. Chronology of Events App. B. Punta del Este Ministerial Declaration, Adopted September 20, 1986 App. C. Final Uruguay Round Agreement, Table of Contents App. D. Marrakesh Ministerial Decision on Trade and Environment, April 14, 1994 Notes Index

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