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World peace since WW2

Publicado el 15, jun., 2022 Actualizado 15, jun., 2022 Política

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World peace since WW2

Jules Abid

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The WW2 was a general trauma. The global institutions were born with the hope of establishing a new world order based on diplomacy and discussion in order to reduce tensions and conflicts of all kinds. But have they really achieved their goal of global peace?

The development of global economic institutions makes conflicts between states counterproductive. In 1947, the GATT negotiating rounds led to a significant reduction in customs duties, which favoured international trade. Countries will then have more interest in specialising their production in the sector where they have a comparative advantage over other states in order to use their productive force in the most efficient way possible.

The consequence of this phenomenon of increased specialisation thanks to the GATT