On July 6, 1994, the Brookings Institution held a conference to examine the key issues involved in the GATT Uruguay Round of multilateral trade negotiations, concluded on December 15, 1993, and signed by President Clinton on April 15, 1994. One objective of the conference was to foster a more active discussion, particularly in light of the congressional vote on ratification that was about to take place. Each of the four papers presented examined the main issues involved in central portions of the Agreement: the economic effects of trade liberalization, agriculture, the World Trade Organization, and the new areas of services and intellectual property rights. Each paper was discussed by one or more individuals with alternative perspectives. This volume contains revised versions of the papers, the remarks of the commentators, and a summary of the general discussions from each session. A brief overview of the main issues is provided in the introductory chapter, written by the editors, Barry P. Bosworth and Susan M. Collins. Both are senior fellows in the Brookings Economic Studies program; Susan M. Collins is also associate professor of economics at Georgetown University.
The editors would like to thank members of the Brookings staff who contributed to this publication. In particular, Paige Oeffinger organized the conference, assisted by Kathleen McDill and Marc Steinberg. Paige Oeffinger also contributed to typing and organizing the final manuscript.
The views expressed in this book are those of the individual authors and conference participants and should not be ascribed to the trustees, officers, or other staff members of the Brookings Institution.