Developing countries are usually unwilling to negotiate over labor standards because
A) the WTO always tends to rule in favor of industrialized nations.
B) they fear that industrialized nations are trying to undermine their comparative advantage-production of agriculture and textiles/apparel-and close the markets of high-income countries in these areas.
C) they fear that they may be unable to compete without some protection of their industries.
D) organized labor would not allow them to negotiate with other countries.
Correct Answer:
Verified
Q18: Many conflicts over standards result from the
Q19: Most regional trade and WTO agreements practice
A)the
Q20: All of the following are reasons countries
Q21: Describe the connections between rising income and
Q22: Mutual recognition is more efficient than other
Q24: The use of trade barriers to enforce
Q25: Harmonization of standards
A)can make it less costly
Q26: Explain how harmonization of standards might increase
Q27: Race to the bottom refers to which
Q28: Lower income countries may have more difficulties
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