![]() trade agreements and how they should proceed in the future, it is important to review economic theory and see how it has evolved and where it is today. However, economic theory has evolved substantially since the time of Adam Smith, and it has evolved rapidly since the GATT was founded. And this was the view after World War II, when Western leaders launched the General Agreement on Tariffs and Trade (GATT) in 1947. Careers, Fellowships, and Internships Open/CloseĪlmost all Western economists today believe in the desirability of free trade, and this is the philosophy advocated by international institutions such as the World Bank, the International Monetary Fund, and the World Trade Organization (WTO).Wahba Institute for Strategic Competition.Science and Technology Innovation Program.Refugee and Forced Displacement Initiative. ![]() The Middle East and North Africa Workforce Development Initiative.Kissinger Institute on China and the United States.Nuclear Proliferation International History Project.North Korea International Documentation Project.Environmental Change and Security Program. ![]()
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