The General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) agreements are primarily negotiated among the largest industrial nations. This tends to keep less-developed countries in the role of resource supplier to more developed countries.

Question

Quizplus · Accepted Answer

The GATT and WTO negotiations often reflect the interests of more developed countries, which can lead to agreements that favor industrialized nations and maintain existing economic structures, potentially limiting the development opportunities for less-developed countries.