1. World Trade in Perspective
This could result in disastrous trade wars. However, we do not have these wars. ... After the Word War II ended, "the world leaders wanted to avoid "destructive pre-war isolationist economic policies" and agreed to unify under GATT. ... (Lucy, 2) In the second half of the 20th century, GATT was effective at world trade liberalization; led to a massive expansion of world trade. ... (Lucy, 2) In 1997, the total trade in the world was fourteen times more than the total trade in 1950. ...
- Word Count: 2688
- Approx Pages: 11
- Grade Level: High School