Rose, Andrew K - C.E.P.R. Discussion Papers - 2002
Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade … policy. Almost no measures of trade policy are significantly correlated with GATT/WTO membership. Trade liberalizations, when … they occur, usually lag GATT entry by many years, and the GATT/WTO often admits countries that are closed and remain closed …