The GATT's Contribution to Economic Recovery in Post-War Western Europe
This paper examines the role of trade liberalization under the auspices of the General Agreement on Tarrifs and Trade (GATT) in promoting economic recovery and growth in Europe in the decade after World War II. The formation of the GATT does not appear to have stimulated a particularly rapid liberalization of world trade in the decade after 1947. It is therefore difficult to attribute much of a role to the GATT in the dramatic economic recovery during the immediate post-war period beyond that of an effective supporting actor. The principal contribution of the GATT during its first decade of operation rests more in securing binding agreements on early tariff reductions, thereby preventing countries from instituting higher tariffs as import quotas and foreign exchange controls were being phased out during the 1950s under the guidance of other international institutions.
|Date of creation:||Dec 1994|
|Date of revision:|
|Publication status:||published as Europe's Postwar Recover, Barry Eichengreen, ed., (Cambridge University Press, 1995).|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kitson,Michael & Solomou,Solomos, 1990.
"Protectionism and Economic Revival,"
Cambridge University Press, number 9780521382670.
- de Melo, Jaime & Montenegro, Claudio & Panagariya, Arvind, 1992. "Regional integration, old and new," Policy Research Working Paper Series 985, The World Bank.
- Frederic Boyer & J. P. SallÃ©, 1955. "The Liberalization of Intra-European Trade in the Framework of OEEC," IMF Staff Papers, Palgrave Macmillan, vol. 4(2), pages 179-216, February.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:4944. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.