Why do powerful countries NOT ignore World Trade Organization (WTO)rules that hurt their own economic interests?
A)The World Trade Organization dispute arbitration panel can effectively enforce punishment of rule violators.
B)The World Trade Organization can take powerful countries to court in their own country.
C)Powerful countries would rather follow the rules than cause harm to poorer countries.
D)Powerful countries fear that they will have to pay fines if they violate the rules.
E)Powerful countries benefit from the whole system of trading rules and do not want others to also violate the rules.

Question

Quizplus · Accepted Answer

Powerful countries benefit from the whole system of trading rules and do not want others to also violate the rules. The rules of the WTO provide a stable and predictable framework for international trade, which is in the interest of all member countries, including the powerful ones. By following the rules, they ensure that other countries also follow them, which ultimately benefits everyone. Additionally, violation of the rules could result in retaliation from other countries and potentially damage the economy of the rule-breaking country.

Why Do Powerful Countries NOT Ignore World Trade Organization (WTO)rules