Role and Contribution of WTO in Global Trade and Economy

The WTO plays a crucial role in the economic development of the nations. This paper seeks to highlight how WTO, as an intergovernmental organisation have been able to influence international trade and foster economic development among the member nations. It has been found that the nations under the oversight of the WTO enjoy open market economy, access to the global market system and ease of doing business with other member nations. It has been further mentioned that WTO focuses on the development of weaker economies and taking care of their interests while ensuring equal trade privileges. It has been concluded WTO have had positive impacts on the member nations in improving their economic conditions by enabling higher cash flows and better job creation.


Role and Contribution of WTO in Global Trade and Economy

Type: Assignment
Domain: Interntional Trade
Words: 2500
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