Antecedents of the ITO Charter and their Relevance for the Uruguay Round

The author discusses the origins of the International Trade Organization ("ITO") and the International Monetary Fund ("IMF"). Next, the author addresses the issue of legalism versus pragmatism in the administration of the ITO and IMF. The author closes with a warning that the Uruguay Round did little to satisfy criticism that the General Agreement on Tariffs and Trade was too legalistic.