The So-Called GATT Framework (And the WTO) Has Become Increasingly

question 1

Multiple Choice

The so-called GATT Framework (and the WTO) has become increasingly ineffective in further opening world trade mainly because of:

• A) increased focus on services and agriculture
• B) too many members
• C) bad faith negotiations
• D) overreliance on lawyers

---

Definitions:

Local Human Capital

The accumulated knowledge, skills, and experience possessed by the workforce within a specific locale, region, or community.

Subsidiary Human Capital

The skills, knowledge, and experience possessed by employees of a subsidiary, which contribute to its value and performance.

Local Human Capital

Local human capital refers to the collective skills, knowledge, and experience possessed by individuals within a specific geographic area, contributing to the economic productivity of that region.

Company Specificity

Company specificity relates to the unique attributes, practices, or resources that are particular to a specific company, distinguishing it from its competitors.