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date: 05 December 2020

Abstract and Keywords

The World Trade Organization (WTO) is a complex organization with a plethora of apparent contradictions. This chapter offers an introduction to the WTO and its role in governing global trade. It examines the organization’s evolution from a failed post-war attempt to create the International Trade Organization (ITO), the emergence in the ITO’s place of the General Agreement on Tariffs and Trade (GATT), and the eventual creation of today’s WTO. The chapter then explores its organizational fundamentals as well as some of the issues likely to loom largest on the global trade agenda in the coming years before offering some concluding comments.

Keywords: WTO, GATT, ITO, trade, development, global economic governance, international organization, Doha round, globalization, economic growth

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