WTO

Question 1

What is its role?

Answer 1

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

Question 2

What is their aims?(example fo global governance)

Answer 2

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

Question 3

Disadvantages of WTO?

Answer 3

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

Question 4

Advantages of WTO?

Answer 4

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