Question:

In what ways does the world trade organization help society?

by Guest10907  |  earlier

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In what ways does the world trade organization help society?

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6 ANSWERS


  1. They don't.


  2. World Trade Organization fosters economic cooperation among member countries to lower the price of basic commodities.

  3. They don't help society.  They actually damage societies around the globe.  

    It's a bit complicated, opening up trade without restrictions creates unfair competition and much volatility in the standards of living around the world.

  4. I don't know. Does regulating trade count?

  5. The World Trade Organization is basically an organization of the economically developed countries that provides standards for goods traded between countries. It was meant as a way that developing countries could trade with developed countries by agreeing to certain standards, like intellectual property rights, conformance to contracts, and the like. I don't know about small farmers per se, but farmers generally can sell their products world-wide provided that they meet standards of hygiene, quality, and so on. You might want to check out the WTO website (see below).

  6. It doesn't.

    It's a cabal of the powerful.

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