Podcast
Questions and Answers
What was the primary goal of the Reagan administration during the Uruguay Round of GATT?
What was the primary goal of the Reagan administration during the Uruguay Round of GATT?
- To reassert the liberal vision of free trade (correct)
- To limit the volume of international trade
- To increase protectionism in international trade
- To create the World Trade Organization (WTO) without negotiations
What was a key feature of agricultural trade despite liberalization efforts during the Uruguay Round?
What was a key feature of agricultural trade despite liberalization efforts during the Uruguay Round?
- Import quotas
- Free trade
- Protectionism (correct)
- Export subsidies
What was the result of the Uruguay Round in terms of international trade volume?
What was the result of the Uruguay Round in terms of international trade volume?
- An increase in international trade (correct)
- No change in international trade
- A complete elimination of international trade
- A significant decrease in international trade
What was established to limit protectionist measures during the Uruguay Round?
What was established to limit protectionist measures during the Uruguay Round?
What was a significant outcome of the Uruguay Round in terms of institutional development?
What was a significant outcome of the Uruguay Round in terms of institutional development?
What was the percentage of global trade accounted for by WTO members by 2012?
What was the percentage of global trade accounted for by WTO members by 2012?
What is the primary function of the WTO?
What is the primary function of the WTO?
What is the main reason behind the failure of the Doha Round?
What is the main reason behind the failure of the Doha Round?
What is the nickname of the Doha Round?
What is the nickname of the Doha Round?
What is the purpose of the Dispute Settlement Panels (DSP) in the WTO?
What is the purpose of the Dispute Settlement Panels (DSP) in the WTO?
What is the alternative to multilateral trade agreements suggested by critics of the Doha Round?
What is the alternative to multilateral trade agreements suggested by critics of the Doha Round?
What is the primary focus of the majority of scholars and economists regarding international trade?
What is the primary focus of the majority of scholars and economists regarding international trade?
How often does the WTO organize a ministerial conference?
How often does the WTO organize a ministerial conference?
What was the main purpose of the General Agreement on Tariffs and Trade (GATT) formed in 1948?
What was the main purpose of the General Agreement on Tariffs and Trade (GATT) formed in 1948?
What was the impact of the 1973 oil crisis on international trade?
What was the impact of the 1973 oil crisis on international trade?
What was the focus of the Tokyo Round of GATT (1973-1979)?
What was the focus of the Tokyo Round of GATT (1973-1979)?
What was Japan's trade strategy during the 1970s?
What was Japan's trade strategy during the 1970s?
What is a key principle of the GATT?
What is a key principle of the GATT?
