ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Did GATT Hold Any Promise at All

Did GATT Hold Any Promise at All?
I S G GATT (General Agreement on Tariffs and Trade) should serve as a standing reminder to all and sundry that one country one vote does not, by itself, work wonders. The pundits who now rebuke the developing countries for not displaying enough interest in GATTs activities ought first to brush up their history. It was not for want of active interest on their part that the developing countries found themselves almost completely ignored in the operation of GATT. In fact, UNCTAD was the outcome of the frustrations of the developing countries with the functioning of GATT, in spite of the fact that these countries have acccounted for more than two-thirds of the GATT membership. Indeed, UNCTAD is a living monument principally to those frustrations.

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