The prosperity of the world economy over the past half century owes a great deal to the growth of world trade which, in turn, is partly the result of farsighted officials who created the GATT. They established a set of procedures giving stability to the trade-policy environment and thereby facilitating the rapid growth of world trade. With the long run in view, the original GATT conferees helped put the world economy on a sound foundation and thereby improved the livelihood of hundreds of millions of people around the world.
the prosperity of the world economy over the past half century owes a great deal to the growth of world trade which in turn is partly the result of farsighted officials who created the gatt they established a set of procedures giving stability to the trade-policy environment and thereby facilitating the rapid growth of world trade with the long run in view the original gatt conferees helped put the world economy on a sound foundation and thereby improved the livelihood of hundreds of millions of people around the world