EMPIRICAL STUDY ON THE ROLE OF THE POLICY COHERENCE IN THE WORLD TRADE INTEGRATION

Abstract

In the high times of the globalization and liberalization of the economies worldwide has been seen as a result of the multilateral trade relations and the advent of the World Trade Organisation. The signing of the GATT and membership of the multilateral institutions such as World Bank and International Monetary Fund has brought the international trade at an open business platform wherein anybody can do business in any country without any hassle. All this is possible due to the emergence of the national policies towards the international adaptable policy regime. This policy coherence which has enabled the economies to design the policy framework acceptable to the international business economies and units, has contributed to the growth of the multilateral trade and developmental activities. The paper studies the emergence and role of policy coherence in the national policies as adaptable to the international trade policy framework and regime.