GATT's contribution to trade liberalization made possible the expansion of world trade in the second half of the twentieth century.

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This is a widely accepted fact in the field of international economics. GATT (General Agreement on Tariffs and Trade) played a crucial role in reducing trade barriers and promoting free trade among its member countries, which contributed to the growth of global trade. GATT later evolved into the World Trade Organization (WTO) in 1995 to continue promoting trade liberalization.

GATT's Contribution to Trade Liberalization Made Possible the Expansion of World