Theorıes Of Internatıonal Relatıons I Deneme Sınavı Sorusu #1399265

Which Bretton Woods institution became later the World Trade Organization (WTO)?


GATT

IMF

World Bank

The Dutch East India Company

Pax Britannica


Yanıt Açıklaması:

The General Agreement on Tariffs and Trade (GATT) aimed at promoting liberal economic principles, such as non-discrimination in trade, support for foreign enterprises, preferential access to developed markets, and so on. In short, the GATT was essentially a series of multilateral trade negotiations, with an aim to stimulate international trade by lowering trade barriers. In 1995, the GATT became a formal institution, renaming itself as the World Trade Organization (WTO). Representing states that conduct over 90 percent of the World’s trade, the WTO has the task of implementing the Uruguay Round, serving as a forum for trade negotiations and providing a venue for trade review. Choices D and E are not Bretton Woods institutions. The correct answer is A.

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