The international trading order at the crossroads
As economic theory shows and experience underlines, international trade and the specialization associated herewith is one important source of economic growth, employment creation and technological innovation in participating countries. In awareness of this potential for increasing economic prosperity throughout the world, the architects of the international trading system, which was to emerge from the ashes of World War II, envisaged a framework of rules leading to, and securing, open markets. The General Agreement on Tariffs and Trade (GATT), which came into being in 1948, laid down such trade rules, basically the principles of non-discrimination and multilateralism in world trade. The aim was not to establish free trade, without any government intervention. What was meant is liberal trade, in which governments may interfere, but using price measures which are transparent and do not rule out competition (i.e. non-prohibitive tariffs rather than quantitative restrictions or subsidies). Adherence by the member countries to the principles of multilateralism and non-discrimination was expected to give rise to the production of an international public good: stability and predictability of trade rules.
The next GATT round: Bilateralism versus multilateralism?
A breakthrough towards the liberalization of trade in a world economy distorted by a multitude of trade barriers can only be achieved by bllateral or plurilateral negotiations, it is argued by some. The spread of bilateralism will lead to a fragmentation of world trade and the further distortion of the world economy, counter their opponents. Our author reviews some theoretical arguments in the light of historical situations similar to the present.
Global Occupational Health Issues
1. Occupational health problems in developing countries are more widespread and serious because they occur against a background of endemic risk factors for ill health. 2. In general, developing countries have less adequately developed occupational health personnel and programs and less adequately developed and enforced laws and regulations than developed countries. 3. Awareness of the importance of occupational health among workers, management, government officials, and the public is increasing with developing countries. 4. Occupational health professionals in developed countries can contribute in many ways to improving occupational health in developing countries.