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Category > Management Posted 28 Oct 2017 My Price 3.00

Uruguay Round of the GATT

The Uruguay Round of the GATT began a process of phasing out the use of voluntary export restraints. Why did they come into widespread use in the 1980s? For example, given that VERs are a form of quotas, and that they create quota rents and a larger reduction in national welfare than tariffs, why did nations use them instead of tariffs?

 

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Maurice Tutor
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Status NEW Posted 28 Oct 2017 08:10 AM My Price 3.00

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