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The Torquay Round was a multi-year multilateral trade negotiation (MTN) between nation-states that were parties to the GATT.This third round occurred in Torquay, England in 1951. [2]
The Dillon Round was a multi-year multilateral trade negotiation (MTN) between 26 nation-states that were parties to the GATT.The fifth round in the GATT occurred in Geneva and lasted from May 1959 through July 1962.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. [1] This includes regional, national, and global economies .
Another example of a model in ecological economics is the doughnut model from economist Kate Raworth. This macroeconomic model includes planetary boundaries, like climate change into its model. These macroeconomic models from ecological economics, although more popular, are not fully accepted by mainstream economic thinking.
A set of updated documents was produced in Geneva by the office of the Director-General during July 1986 in order to prepare the way for progress to be made. [5] As described below, the round was launched in Punta del Este, Uruguay in September 1986, [6] [7] followed by negotiations in Geneva, Brussels, Washington, D.C., and Tokyo.
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
The Tokyo Round was a multi-year multilateral trade negotiation (MTN) between the 102 states which were parties to the General Agreement on Tariffs and Trade (GATT). The negotiations resulted in reduced tariffs and established new regulations aimed at controlling the proliferation of non-tariff barriers (NTBs) and voluntary export restrictions.
World Trade and Payments: An Introduction, with Richard Caves and Ronald W. Jones, Addison Wesley Longman; (8th edition, 1999) ISBN 0-321-03142-3; American Economic Policy in the 1990s, with Peter Orszag, The MIT Press (2002) ISBN 0-262-06230-5; Foreign Exchange, with David R. Henderson, Library of Economics and Liberty (2008) ISBN 978-0865976658
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