One obstacle to the adoption of the export promotion model by countries in other regions is that
A)the Uruguay Round of the GATT forbids many types of export promotion policies.
B)research and development for new exports is too expensive.
C)only noncommercial R&D is permitted under the rules of the GATT.
D)industrial monopolies in the high-income countries will block further exports by developing countries.

Question

Quizplus · Accepted Answer

The Uruguay Round of the GATT (General Agreement on Tariffs and Trade) has placed restrictions on many types of export promotion policies, making it difficult for countries in other regions to adopt the export promotion model. This may limit their ability to compete in the global market and develop their export sectors.

One Obstacle to the Adoption of the Export Promotion Model