The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.

About the Author

RICCARDO FAINI is Professor of Economics at the University of Brescia and Research Fellow at the Centre for Economic Policy Research in London.

ENZO GRILLI is Executive Director at the International Monetary Fund and Professorial Lecturer at the Johns Hopkins University, School of Advanced International Studies, Washington, DC.

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