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Free trade lies at the heart of the new era of globalization. This is a review of the history of 20th-century trade agreements, tracing what happened to the General Agreement on Tariffs and Trade (GATT) 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, their implications for weaker economies and their likely consequences in terms of environmental protection, labour standards and political sovereignty. Alternatives do exist, he argues, to an over-reliance on free trade. These include managed trade, fair trade and self-reliant trade. He also sets out a series of innovative proposals for reforming the WTO, IMF and World Bank.
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Table of Contents

Part I: GATTing a New World OrderIntroduction: The Greatest Agreement in History?1. The Spirit of the Age? The Free Trade Adventure and the End of History2. How We Got GATT: A Mildly Heretical History of Trade Agreements3. The Fall and Rise of GATT: Background of the Uruguay Round4. Towards a GATT-fearing World: The Results of the Uruguay Round5. There Goes the Neighbourhood: The Regional Free Trade AdventurePart II: Problems and Critiques of the Uruguay Round's New World Order6. Doctrine and Heresy: Two Centuries of Free Trade Debate7. The Best Thing Since Sliced Bread? Benefits and Hidden Costs of the Uruguay Round8. Structural Change for Whom? Structural Impacts of the Uruguay Round and Beyond9. At Whose Service? Services and Intellectual Property in the Uruguay Round10. Greening the GATT or GATTing the Green? Environment and Standards in the Uruguay Round11. The Perils of Globalism: the WTO in the New World Order12. Is There Life after GATT? Alternatives to the Free Trade Adventure13. Postscript: In Pursuit of the Global MillenniumIndex

About the Author

Dr Graham Dunkley is a senior lecturer in economics in the Faculty of Business, Victoria University of Technology, Melbourne, Australia.


'Goes a long way towards redressing the imbalance in the debate on the desirability of free trade. Graham Dunkley's incisive analysis shows that resistance may be preferable to adaptation.' Business SA 'Provides an interesting insight into the variety of "special interests" which have helped to promote an opening of the global economy, while fuelling regionalism and selective protectionism.' Chris Scholl, International Politics 'Provide a thoroughly useful guide to the issues involved.' Ali Mchumo, Managing Director of the Common Fund for Commodities (CFC)

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