Organizations such as the World Trade Organization argue that liberalized trade regulations and reduced trade barriers will:
A) benefit developing countries
B) hurt developing nations
C) hurt developed nations
D) strengthen the nation-state

Question

Quizplus · Accepted Answer

Liberalized trade regulations and reduced trade barriers can benefit developing countries by giving them access to larger markets, attracting more foreign investments, and increasing their economic growth. This can lead to poverty reduction, job creation, and overall improvement of living standards for the population. However, some argue that this could also harm domestic industries in developing countries, especially those that cannot compete with cheaper imports from more developed countries.

Organizations Such as the World Trade Organization Argue That Liberalized