One of the Outcomes of the Uruguay Round Is the Formation

question 38

True/False

One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets new trade rules and has more power than the old GATT to enforce the rules it sets.

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Definitions:

Stable Political Conditions

A situation where a country's political system and government policies are predictable, providing a conducive environment for economic growth and social welfare.

Semiperipheral Capitalist Country

A term from world-systems theory describing countries that are intermediate, neither fully core nor fully peripheral, often involved in manufacturing and export but lacking the dominance of core nations.

Guatemala

A country in Central America characterized by its rich Mayan heritage, volcanic landscapes, and diverse ecosystems.

Modernization Theory

A theory suggesting that economic development and cultural change lead to shifts from traditional to modern societies with corresponding changes in social structures.