Abstract

Prelude to a New Colonialism
Weissman, Robert | March 18, 1991 issue

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The General Agreement on Tariffs and Trade (GATT) negotiations were broken off after a U.S. European dispute over farm subsidies. The real objectives of the current round of GATT negotiations, however, are antithetical to development, and they have gone unmentioned. In the past, GATT has acknowledged the special circumstances of developing countries and granted them exceptions from its rules. The development principle, which exempts Third World countries from some tariff and other regulations to enable them to protect nascent industries, is now threatened by the aggressive initiatives from the industrialized countries.

See Also:

TREATIES; ECONOMIC assistance, Domestic; PUBLIC welfare; COMMERCIAL policy; DEVELOPING countries; UNITED States
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