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Flashcards in WTO Deck (4)
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1

What is its role?

Deals with global rules of trade between nations ensuring trade is smooth and freely as possible

2

What is their aims?(example fo global governance)

-reducing barriers
-negotiates problems with members
-reaching agreements that become legal
-providing stability

3

Disadvantages of WTO?

-difficult making progress so not enough being done
-trade rules unfavourable in developing countries
-exploitation of poorer countries

4

Advantages of WTO?

-lower prices for consumers
-encourages competition so boosts economy
-specialisation