1. World Trade Organization
... was started in 1995, it has been given the responsibility of liberalizing and managing the international trading system. It has been given responsibilities that exceed those that the organization before it, the General Agreement on Tariffs and Trade (GATT) had. A dispute settlement mechanism was created through the Understanding on Rules and Procedures Governing the Settlement of Disputes ... and the General Council of the WTO. But the history of the liberalization of the International Trade System also bears witness to the intergovernmental character of the WTO. Farrell notes that "The i...
- Word Count: 1954
- Approx Pages: 8
- Grade Level: Graduate