The WTO Perspective on Subsidies in International Trade

Gurwinder Singh
Not long after the end of the Second World War economists and policy makers started considering free trade as a method of maximizing welfare, and also as a means of finding solutions to social and political problems. After the formation of the GATT in 1947 and WTO in 1995, governmental policies of the member states have continued moving forward to a system of free trade. The majority of nations have started following liberal trade policies,...
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