Some 350 workers were laid off in April of 1998. ... You may be asking what happened to make the company lay off all of its workers, the answer is simple, it was GATT. ... According to Sir James Goldsmith, an economist, testifying before the Senate Commerce Committee, economic costs they bring with them (Goldsmith 4)." ... This Agreement created the World Trade Organization (WTO), the group that would settle disputes between countries about trade rules. ... The winners here are the large multinational corporations, like Nike, who earn greater profit margins by reducing labor costs, b...

• Word Count: 2190
• Approx Pages: 9
• Has Bibliography