On 15 December 1993 the world Changed. May be not as dramatically as the moment when the Berlin Wall fell, but then unlike that very necessary demolition job, the success of the Uruguay Round was a work of construction. Like the destruction of the wall, though, its effects will be profound and lasting ones felt far beyond its immediate context. It will be seen as a defining moment in modern history. The importance of the round can be seen in terms of boost it gives to job creation; to development; to investment; to economic reform; to the rule of law and in many other ways besides. All of these benefits are real and important. But the true value of the whole is much, much more than the sum of these parts. Put simply, governments came to the conclusion that the notion of a new world order was not merely attractive but absolutely vital; that the reality of the global market – whatever ambitions some of them may retain for regional integration – required a level of multilateral cooperation never before attempted.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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