5
AssignmentMultiple Choice

International Trade, GATT and the WTO

Question 5 • DRHS Legal Environment of Business (06.41500) GA

What was the key factor leading to the failure of the International Trade Organization (ITO)?

Answer
A
no money to support the organization
B
unrest in East Asia
C
the United States withdrew its support
D
Russia (then the Union of Soviet Socialist Republics) withdrew its support

Explanation

The ITO depended on U.S. participation to become a functioning international organization. The U.S. Congress did not approve the Havana Charter, so the United States withdrew its support and the ITO was never established. Thus, the key factor was the United States withdrawing its support.

AI-written and checked against the verified answer.

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