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HISTORICAL BACKGROUND

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Presentation on theme: "HISTORICAL BACKGROUND"— Presentation transcript:

1 HISTORICAL BACKGROUND
classical liberalism protectionism “managed free trade” the Bretton Woods Conference

2 The International Monetary Fund
from the “gold exchange system” to the current regime the quota system Fund’s resources Members States’ resources: reserve and credit tranche facilities special drawing rights conditionality and criticisms to the IMF

3 The World Bank Group the Int’l Bank for Reconstruction and Development
the Int’l Dev’t Association the Int’l Finance Corporation the Multilateral Inv’t Guarantee Agency the Int’l Centre for the Settlement of Inv’t Disputes

4 From the ITO to the GATT the Avana Conference and the ITO Charter
a provisional agreement the grandfather clause the lack of an institutional structure the “rounds” technique the Tokyo Round and the “GATT à la carte” the role of developing countries

5 The Uruguay Round and the Marrakesh Agreement
the WTO agreement and the annexes: the transition from GATT to WTO the single undertaking principle : multilateral vs plurilateral agreements


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