The GATT/WTO Regime — The Greening of World Trade

The economies of the world are becoming increasingly integrated. This is evidenced in particular by globalization of markets,increased interdependence of trade,greater mobility of labor, capital and knowledge,internationalization of production and increasingly complex ownership patterns,the predominance of multinational corporations,the formation of large economic blocs (above all the EU, the Nafta, the Mercosur and, in future, the Association of Pacific Economies (APEC)), each featuring a major degree of internal coordination of economic policy.