Why Did the United States Abandon Its Exclusive Strategy Through

question 45

Essay

Why did the United States abandon its exclusive strategy through the multilateral trade system in the late 1980s? Why do proponents of agreements like NAFTA believe that the US can achieve more through regionalism than it can achieve within the WTO? What do opponents of regionalism claim?

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Definitions:

Public Works

Projects and activities financed and undertaken by the government aimed at providing public goods and infrastructure, such as roads, schools, and water systems.

Public Institutions

Organizations established and funded by the government to provide services to the public, such as schools and hospitals.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s in response to the Great Depression.

1929

The year marked by the Wall Street Crash, leading to the onset of the Great Depression impacting the global economy.