1. World Trade in Perspective
This could result in disastrous trade wars. ... Because we have organisations like GATT (General Agreements On Tariffs and Trade) and WTO (World Trade Organization) which shape the world trade for us. ... It was an international organization designed to protect free trade. ... "At the core of differences on agricultural trade were the enormous government subsidies that some leading producers were paying farmers to keep them competitive internationally." ... (Pitou, p.16) GATT's general aims were to improve the members" life standards, and help the development of international trade...
- Word Count: 2688
- Approx Pages: 11
- Grade Level: High School