The myth of fre trade: The role of GATT and the WTO in the world economy

The liberalization of international trade does not'lead to either the increase of general welfare or a convergence of national economies. On the contrary, there are many ways how liberalization improves the positions of the well-off nation states and accelerates the relative or absolute impoverishment of the poor. In the recent decades, this process took place with the help of GATT and WTO.