International Political Economy: Perspectives on Global Power and Wealth, Fourth Edition

302 Trade

NOTES

1. The GATT continues to exist as a legal entity related to the WTO. Nonetheless, the
   GATT secretariat and director-general were transferred to the WTO, and the latter
   organization is expected to subsume, and fully replace, its predecessor over time. Except
   where specifically referring to the GATT, we refer to the international trade regime as
   the WTO.


2. Based on import coverage ratio from Organization for Economic Co-operation and
   Development (OECD), Indicators of Tariff and Non-Tariff Trade Barriers (Paris: OECD
   1997), p. 53.