Politics of International Trade Ep. 03: The Evolution of The Global Trading System
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This episode explains the evolving development of the global trade system. The failure of the International Trade Organization (ITO) has motivated the world’s major economies to establish the General Agreement on Tariffs and Trade (GATT) in 1947. The initiatives to reduce tariffs and barriers can be seen as an endeavor to achieve a freer market, common prosperity, and prevent wars. Know more about the context of the GATT establishment and how it differs from the ITO with Dr. Poppy S. Winanti!
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