Russia has joined the WTO: now it is tme to think whether this was necessary

... favourable terms for the country? The answer has several dimensions and will require an insight to the past and the present of the global policy and economy. Political implications of WTO membership for Russia The General Agreement on Tariffs and Trade (GATT), the WTO’s predecessor, was drafted in late 1940s as part of the global governance system (and the UN became the basis of it) for two purposes. One of them was the development of world trade to ensure growth of general welfare (of course not equal for everyone); ...