One of the reasons for the trend toward greater protectionism was that

QUESTION

One of the reasons for the trend toward greater protectionism was that many countries found ways to get around GATT regulations.

Indicate whether the statement is true or false.

ANSWER

TRUE
During the 1980s and early 1990s, the world trading system erected by the GATT came under strain as pressures for greater protectionism increased around the world. There were several reasons for the rise in such pressures during the 1980s. A reason for the trend toward greater protectionism was that many countries found ways to get around GATT regulations.