The Resurgence of Trade Barriers and the Decline of the World Trade Organization (WTO) Introduction The World Trade Organization (WTO), established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), was designed to promote free trade, reduce trade barriers, and resolve disputes among member states. It represented a major step … Continue reading Examine how the resurgence of trade barriers and economic sanctions has undermined the principles of GATT and contributed to the decline of the WTO.
Tag: Protectionism
Assess the extent to which deglobalization is replacing globalization in the current international economic order.
Deglobalization and the Future of the Global Economy Introduction The global economic landscape is undergoing a profound transformation as the forces of deglobalization challenge the foundational assumptions of globalization that have defined the post-Cold War order. For decades, globalization has been synonymous with economic integration, free trade, financial liberalization, and cross-border investment, driving unprecedented growth … Continue reading Assess the extent to which deglobalization is replacing globalization in the current international economic order.