This article is based on a presentation made by the author to the staff of the
International Trade Centre and the GATT in Geneva in the summer of 1994. It
highlights the similarities between the International Trade Organization (ITO)
which was proposed in 1948 and subsequently rejected, and the newly proposed
World Trade Organization (WTO). A changed world environment is seen as favorable
to the WTO. However, caution is expressed against overloading the WTO with
issues and causes not germane to trade and investment.
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