Preeg places the Uruguay Round in the broader context of global politics and economics, showing how changes in the world order--from the collapse of communism to dramatic economic reforms in developing countries--influenced both the topics of negotiations and their outcome. He then assesses the final GATT agreement as a case study in international negotiations and evaluates its probable effects on income and trade.
Finally, Preeg looks to the short- and long-term issues confronting future trade-policy negotiators. He shows that the international trade agenda will consist of three evolving types of agreement--further multilateral commitments, regional free-trade agreements, and selective bilateral accords. Going to the heart of current debates on the "new world order," an important final chapter evaluates the political and economic relationships that will result from the international trading system.