History of Trade Agreements
by Daniela Calderón Arias
1. Trade is the opposite of Protectionism
2. It started with custom unions
3. Early adopters
3.1. US and GB after WWII, saw the need for a more cooperative world
3.2. GATT was created and within 5 years regional free trades were signed
3.3. Bretton agreement --> became European Union
4. Main goal: economic integration
5. Free trade area between 2 or more countries
6. Ricardo David
6.1. Pioneer "Theory of comparative advantage"
7. Adam Smith (1776)
7.1. "The earth of nations" --> division of labor
