The GATT/WTO Regime — The Greening of World Trade

Abstract

The economies of the world are becoming increasingly integrated. This is evidenced in particular by

• globalization of markets,

• increased interdependence of trade,

• greater mobility of labor, capital and knowledge,

• internationalization of production and increasingly complex ownership patterns,

• the predominance of multinational corporations,

• the formation of large economic blocs (above all the EU, the Nafta, the Mercosur and, in future, the Association of Pacific Economies (APEC)), each featuring a major degree of internal coordination of economic policy.