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The complexion of the world economy has ...

The complexion of the world economy has changed beyond recognition. A few years ago, the Soviet Union and its friends used to accuse the World Bank, IMF and other international institutions as the promoters of economic imperialism of USA and its allies and in the same breath as the bloodsuckers of the poorer member-contries. GATT, for them, was a rich man's club. In their views, transnational corporations were worse than the dreaded buccaneers. These corporations worked exclusively for the benefit of parent countries and exploited the host countries thoroughly. Economic relations of communist countries remained chiefly confined within the four walls of communism. However, it crossed over to some third world countries as well.
The Soviet Union was not a member of GATT.

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It is likely that the Soviet Union could not have been the member of a body which it so vehemently opposed.
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