Free trade lies at the heart of the new era of globalization. This superb account explains the theory of free trade and how it has been put into practice. The author reviews the history of 20th century trade agreements. He traces what happened to GATT, with its quite narrow ambit, before the USA pushed the world into the Uruguay Round. He also examines the benefits and hidden costs of the WTO Agreements in both economic and non-economic terms.

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