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(p. 111) 5. The Evolution of the Global Trade Regime 

(p. 111) 5. The Evolution of the Global Trade Regime
Chapter:
(p. 111) 5. The Evolution of the Global Trade Regime
Author(s):

Ann Capling

and Silke Trommer

DOI:
10.1093/hepl/9780198737469.003.0005
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date: 20 May 2019

This chapter focuses on the evolution of the global trade regime, with particular emphasis on how it has been established through the actions of trading countries over the past 150 years, how it became institutionalized in the World Trade Organization (WTO), and why it is facing difficulties now. It first considers the historical antecedents of the global trade regime from 1860 to 1945, focusing on the golden age of liberalism and the Reciprocal Trade Agreements Act of 1934. It then looks at the General Agreement on Tariff and Trade (GATT), the Uruguay Round, the WTO, and the Doha Round, along with the WTO's relationship with civil society. It concludes by outlining the range of challenges to the multilateral trade system.

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