This week’s topics
Economic Foundations of Multilateral Trade and GATT Principles
- Transition from GATT 1947 to modern trade order
- Economic rationale of comparative advantage
- Most-Favoured-Nation (MFN) principle
- National Treatment principle
- Lecture 45: WTO, GATT, Origin and Functions, MFN Principles, Agreements
What you will be able to do
- 1.4 Analyse the economic bases of the rules and principles of the GATT.
- 1.5 Critically analyse the workings of the WTO and predecessor agreements.
Activity
Start with this week’s video, then: Seminar, guided reading and a short written task: analyse the economic bases of the rules and principles of the GATT.
Study materials
Videos
- The GATT/WTO at 60: Achievements and Challenges · YouTube · World Trade Organization · 12 min · for registered students
Further resources
- The World Trade Organization: Theory and Practice · PDF · NBER, article · for registered students
- Understanding the WTO (whole booklet) · PDF · Wto, guidance · for registered students
- General Agreement on Tariffs and Trade 1947 (text) · PDF · Wto, legislation · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.