Which of the following best explains the reason for the rise in protectionist pressures around the world during the 1980s?
A) strict GATT bureaucracy in Geneva controlling trade regulations
B) opening up of international markets to cheap products from China
C) fall of the Soviet Union
D) persistent trade deficit in the world's largest economy,the United States
E) economic failure of Japan which hampered the global economy
Correct Answer:
Verified
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