I would like to add to the analyses of the authors comments on two questions: First, how should measures falling under the GATT be distinguished from those falling under the GATS? Second, could a measure inconsistent with one WTO agreement be justified by an exception contained in another?

In view of recent proposals to grant the International Monetary Fund new instruments to press countries to adjust balance of payments disequilibria, the question arises of the efficacy of such means of pressure. An analysis of the Fund's power shows, inter alia, that conditions attached to...