POLS2133 Study Guide - Final Guide: Marrakesh Agreement, Uruguay Round, World Trade Organization
21 Jul 2018
School
Department
Course
Professor
Document Summary
How can the theory of neoliberal institutionalism explain the founding of the. The continually increasing economic interdependence and cooperation between states in the post-war years have led to the establishment of numerous economic international organisations (ios). The world trade organisation (wto), one such example, arose from the uruguay round negotiations, officially being established under the marrakesh agreement on the january 1, 1995. The 124 founding member states created this io to enhance international economic development, by constructing a forum to facilitate international trade. Agreement and tariffs and trade (gatt), strives to help producers of goods and services, exporters, and importers conduct their business (wto. org, 2018) by diminishing barriers to international trade. As mentioned above, the increasing levels of economic interdependence has resulted in international trade taking a forefront in the economic agendas of many states. Scarcity contributes to states" need for specialisation and trade.
