How well do you understand bilateralism?
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Questions and Answers

Which of the following is an example of bilateralism?

  • A country engaging in unilateral trade deals
  • A country signing a free trade agreement with multiple countries
  • A country imposing trade sanctions on another country
  • A country signing a free trade agreement with one other country (correct)

    • What is the main advantage of bilateralism over multilateralism?

  • Greater participation of multiple countries
  • Lower transaction costs
  • More tailored agreements (correct)
  • Greater efficiency in negotiations

    • Why might an influential state prefer bilateral arrangements with small states?

  • To reduce transaction costs
  • To promote multilateralism
  • To increase its influence (correct)
  • To create a more equal partnership

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