... , which was a simple agreement attempting to reduce customs tariffs, became the spearhead for international trade liberalisation mainly through negotiated tariff reduction, for the next 40 years. Since then, there have been eight "rounds" of trade negotiations with the last one, the Uruguay Round, leading to the formation of the World Trade Organisation (WTO) in 1995. The latter is a recognised international body with "members", responsible for monitoring and enforcing ... nations. Finally, trade liberalisation can be sometimes destruct democracy. In Chile, for example, a democratic gove...

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• Grade Level: Undergraduate