The WTO's belief in intellectual property and a liberalised trade regime is based on the assumption that

AThe modern economy bestows equal benefits on all

BA knowledge-based economy and globalization are reality ✓ Correct

CAll countries are equally well suited for modern trade

DRich countries will always help poor countries

Correct answer: (B) A knowledge-based economy and globalization are reality

Explanation

The assumption is that a knowledge-based economy and globalization are already reality.

Protecting intellectual property presumes knowledge itself is the key economic asset.

Backing liberalised trade presumes markets are globally integrated.

Both stances only make sense if these conditions actually hold.

So this presumed reality is the underlying assumption.

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