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World Trade Organisation
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World Trade Organisation
The World Trade Organisation is responsible for dealing with the rules of trade between nations at a global or near-global level.
The WTO helps to resolve conflicts between nations and provide forums for agreeing over trade agreements and their implementation.
The aim of WTO is to help trade flow as freely as possible, except where free trade conflicts with other objectives such as environmental or legal.
The WTO is criticised for being undemocratic. It is argued that its structure enables the richer countries to win what they desire; arguably they benefit the most.
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- 1 Economics Note on World Trade Organisation, created by jamesofili on 06/03/2014.
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