why was gatt replaced by the world trade organization wto 
gatt though largely successful in reaching its goal was said to lack a coherent institutional structure in short it was a legal agreement acting as an international organization the world trade organization incorporates the principles of gatt and is better positioned to carry them out because among other things it is better versed in issues like intellectual property has a faster dispute settlement system and wields more power 1112the bottom linethe world would be a very different place without gatt its free trade ethos put an end to a dark period of protectionism and economic hardship that led to world war ii paving the way for decades of economic growth and increased globalization 