Question

What benefits do governments often realize through international cooperation?

A. They gain reciprocal advantages.
B. They can deal with areas of concern inside a nation's territory.
C. They can position new opportunities for economic growth and development.

Which of the above options best describes one of the key benefits of international cooperation for governments?

Answer 1

International cooperation allows governments to position new opportunities for economic growth and development through increased market access, economies of scale, consumer benefits from competition, and counteracting domestic protectionism.

Step-by-step explanation:

One of the key benefits of international cooperation for governments is that they can position new opportunities for economic growth and development. By engaging in international trade, governments can access global markets, which enables businesses within their borders to scale up production and realize economies of scale. Additionally, the competition that comes with opening markets can lead to more variety and potentially lower prices for consumers, which often outweighs the negative effects, such as job losses in less competitive industries. International agreements also counteract domestic protectionist measures, stimulate economic growth through reduction of trade barriers, and facilitate the spread of technology and knowledge between countries.