GATT-Think

GATT-Think in Global Commerce Policy

In this regard, gatt-think is: characterized by Paul Krugman as three simple rules about the objectives of negotiating countries in the GATT: 1. The entries on trade policy are here. Exports are good. 2. The entries on trade policy are here. Imports are bad. 3. The entries on trade policy in the Encyclopedia are here. Other things equal, an equal increase in imports and exports is good. He says that GATT-Think is enlightened mercantilism and economic nonsense. Despite all this, Krugman concedes that the GATT has after all played a useful role in liberalizing the world trading system.[1]

GATT-Thinkin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “GATT-Think” entry (OAS)

See Also