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The Multilateral Agreement on Investment (MAI)began to Be Negotiated in the OECD

question 27

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The Multilateral Agreement on Investment (MAI) began to be negotiated in the OECD in May 1995 to further liberalize FDI and provide greater security to MNCs.It was based on two central principles:


Definitions:

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in mathematics and computer science.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Subgoaling

A strategy in which a larger goal is divided into smaller, more manageable goals, facilitating easier achievement of the overall objective.

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