Every country engages in some form of protectionism.However,protectionism has declined internationally over the past 50 years due in large part to the:

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) played a significant role in reducing protectionism internationally over the past 50 years. GATT was signed in 1947 to promote free trade by reducing tariffs and non-tariff barriers among member countries. It was replaced by the World Trade Organization (WTO) in 1995, which continued to promote free trade and further reduce protectionism. The other options listed (BOTA, ITFA, GDPA) are not real international agreements or policies.

Every Country Engages in Some Form of Protectionism