the World Trade Organization, it is worthwhile to reflect on the WTO's contributions to global welfare since its inception … Review 89(1): 215-48, March -- Bagwell, Kyle and Robert W. Staiger (2002), The Economics of the World Trading System … -- Balassa, Bela (1965), 'Tariff Protection in Industrial Countries: An Evaluation', Journal of Political Economy 73(6): 573 …