Financial Times, 29 November 1991. At the time of writing-the end of December 1991 – the fate of the Uruguay Round still hung in the balance. I have preferred to emphasize the issues which have been examined and what is at stake, especially for the developing countries. When I refer to the GATT, I mean the 38 articles of the General Agreement. GATT by itself, indicates the organization. See GATT Activities 1990, (Geneva: GATT, 1991); GATT International Trade 88–89, Vol. II, (Geneva: GATT, 1990); GATT International Trade 89–90, Vol. I, (Geneva: GATT, 1990).
2.
Financial Times, 22 November 1991.
3.
Trade and Development Report, 1991 (New York: UNCTAD, 1991) p. 149.
4.
Trade and Development Report, 1991, pp. ix–x, see also Part Three, pp. 141–209.
5.
Sheila Page with Michael Davenport and Adrian Hewitt: The GATT Uruguay Round: Effects on Developing Countries, (London: Overseas Development Institute and Chamelon Press, 1991) p. 64.
6.
The GATT Uruguay Round (…), p.iii.
7.
Financial Times, 8 November 1991.
8.
This section was based on information dispatched by William Dullorce to the Financial Times on 22 December 1991.
9.
There is a battle between foreign corporations which want Third World governments to remove such conditions as local content and export requirements of investments to protect balance-of-payment positions; they argue that these elements disturb free trade through prices and costs, and they demand the same treatment as local investors.
10.
See Financial Times, 23 October 1991 for a full account of the EEA.
11.
A principle which obliges each signatory to the GATT to grant the same treatment to all other members on a non-discriminatory basis.
12.
Financial Times, 18 December 1991.
13.
The World Bank Annual Report 1991, (Washington, DC: The World Bank) pp. 30–31.
14.
AlanOxley: The Challenge of Free Trade, (New York and London: Harvester Wheatsheaf, 1991) pp. 28–43.
15.
World Debt Tables 1991–92, External Debt of Developing Countries, (Washington, DC: The World Bank, 1991).
