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This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
1986-1994 - GATT trade ministers launch the Uruguay Round in Punta Del Este, Uruguay, embarking on the most ambitious and far-reaching trade round so far. 1986-1994 - GATT negotiations culminate in the Marrakech Agreement that establishes the World Trade Organization (WTO). January 1, 1995 - The WTO comes into existence.
Download as PDF; Printable version; ... Oil market timelines (19 P) S. Slave trade (11 C, ... Pages in category "History of international trade"
A trade war therefore does not cause a recession. Furthermore, he notes that the Smoot–Hawley tariff did not cause the Great Depression. The decline in trade between 1929 and 1933 "was almost entirely a consequence of the Depression, not a cause. Trade barriers were a response to the Depression, in part a consequence of deflation." [97]
An Economic History of Twentieth-Century Europe: Economic Regimes from Laissez-Faire to Globalization (Cambridge University Press, 2006) Bernstein, William J. A Splendid Exchange: How Trade Shaped the World (Atlantic Monthly Press, 2008) Birmingham, David. Trade and Empire in the Atlantic, 1400–1600 (Routledge, 2000). Bowden, Bradley.
An "intercontinental model" of world trade, "between 1500 and 1800 on the basis of interregional competition in production and trade" [9] was proposed by Frederic Mauro, but the early existence of it was already observed by Dudley North in the year 1691. This world market of trade, as well as the flow of finances throughout, spanned out an ...
Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labor , a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their ...
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]