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Traders in a Brave New World: The Uruguay Round and the Future of the International Trading System,Used
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The recently concluded Uruguay Round of the General Agreement on Tariffs and Trade (GATT) will undoubtedly lead to a fundamental transformation of the world trading system as an instrument of a global economy. In Traders in a Brave New World, Ernest H. Preeg, a distinguished former U.S. diplomat and trade negotiator, presents a blowbyblow account of the Uruguay Round, an examination of the historical context in which it took place, and an insider's assessment of the agreement's future impact on the international trading system.Preeg places the Uruguay Round in the broader context of global politics and economics, showing how changes in the world orderfrom the collapse of communism to dramatic economic reforms in developing countriesinfluenced both the topics of negotiations and their outcome. He then assesses the final GATT agreement as a case study in international negotiations and evaluates its probable effects on income and trade.Finally, Preeg looks to the short and longterm issues confronting future tradepolicy negotiators. He shows that the international trade agenda will consist of three evolving types of agreementfurther multilateral commitments, regional freetrade agreements, and selective bilateral accords. Going to the heart of current debates on the "new world order," an important final chapter evaluates the political and economic relationships that will result from the international trading system.
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