The World Trade Organization: The Debate in the United States

Sek, Lenore ; Pregelj, Vladimir N. ; Wilson, Arlene

Library of Congress. Congressional Research Service.

关键词: International affairs;    Foreign trade - U.S.;    International agencies;    Trade;   

RP-ID  :  RL30521
RP-ID  :  RL30521 2000-04-12

美国|英语

来源: UNT Digital Library

【 摘 要 】

The World Trade Organization (WTO) went into effect in 1995, replacing the General Agreement on Tariffs and Trade (GATT) which had been in existence since 1948. Under the WTO, the governments of the 136 member countries agree on a set of rules and principles for trade, negotiate periodically to reduce trade barriers, and participate in the dispute settlement procedure. Economists believe that, over the past 50 years, the more predictable environment for trade as well as the reduction in trade barriers has contributed to unprecedented economic prosperity for the majority of countries. On the other hand, trade liberalization under the WTO has resulted in economic costs to those whose jobs have been adversely affected, although they are relatively few compared to total employment in the United States.