World Trade

In recent years, phenomenal changes are taking place in the field of world trade. More and more countries are opening up their economies. Trade restrictions are being dismantled or substantially reduced. The New GATT Accord is an important milestone in the direction of freeing world trade. Setting up of WTO has strength¬ened the institutional arrangements for freeing the world trade. Globalisation is taking place on a wide scale. Developing countries are liberalising import of capi¬tal and technology. Terms and conditions for the import of capital and technology are being eased. Attractive terms are be¬ing offered to the multinationals to in¬duce them to set up production units in the importing countries. In the monetary field, more and more countries are mov¬ing in the direction of complete convert¬ibility of their currencies. Currencies are being left free to the maximum possible extent to determine their value on the basis of the forces of demand and supply. State intervention is resorted to only smoothen the process of change or to coun¬teract speculative movements of money. In order to make a critical analysis of the changes that are taking place in the field of world trade and investment, it has been planned to bring out four volumes covering different subjects and including different shades of opinions. The present is the first Volume of the planned four Vol¬umes. The contributors of this Volume are leading experts in the field of inter¬national trade.
It is hoped that the book would be found useful by students of international trade, government executives concerned with the formulation and execution of trade policies, business community and the gen¬eral reader.

About Author:
The Editor, Dr. K.R. Gupta, is a well known authority in the field of interna¬tional trade. He taught international Eco¬nomics at the Postgraduate level and guided research for more than two de¬cades. He is author of a dozen books and has published more than hundred papers in leading journals in India and abroad. His books include GATT and Underde¬veloped Countries (1973), A Study of the General Agreement on Tariffs and Trade (1967), International Economics (4th ed. 1975), GATT Accord and India (ed. 2nd impression 1995) and GATT Accord [Complete Text] (ed. 1994).