Government and WTO


 
 
Concept Explanation
 

Government and WTO

Government and WTO: Government can negotiate with the WTO( World Trade Organisation) for 'fairer rules'. It can also align with other developing countries with similar interests to fight against the authority of developed countries in the WTO. In the past few years, massive campaigns and representations by people's organisations have influenced important decisions relating to trade and investments at the WTO. This has demonstrated that people also can play an important role in the struggle for fair globalisation.

Conclusion: Globalisation is the process of rapid integration of countries. This is happening through greater foreign trade and foreign investment. MNCs are playing a major role in the globalisation process. Technology, particularly IT, has played a big role in organising production across countries. In addition, liberalisation of trade and investment has facilitated globalisation by removing barriers imposed earlier. WTO has put pressure on developing countries to liberalise trade and investment. Fair globalisation would create better opportunities and share for all.

WTO : World Trade Organisation - It is The Initiative of developed countries to Liberalise international trade . 

 
 
 


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