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Global Organization

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Explain the World Trade Ornizations's role in promoting international trade. Compare and contrast the role of the WTO with that of a regional organization, such as the Asian Development Bank, African Development Bank, Latin American Development Bank, and the European Bank for Reconstruction and Development.

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Global Organization Analysis

Explain the World Trade Ornizations's role in promoting international trade. Compare and contrast the role of the WTO with that of a regional organization, such as the Asian Development Bank, African Development Bank, Latin American Development Bank, and the European Bank for Reconstruction and Development.

.The World Trade Organization plays an important role in promoting international trade. There are some specific activities of the World Trade Organization that encourage world trade. First, the World Trade Organization endeavors to reduce trade barriers among its member countries. It ensures that the trade barriers are lowered not merely in letter but in spirit. Second, the World Trade Organization provides a background for formalizing trade agreements among member countries. Third, if there are any disputes, the World Trade Organization endeavors to resolve trade related disputes. Fourth, the World Trade Organization ensures that the agreements are adhered to by the countries that are signatories.
To promote trade the World Trade Organization ha set up a ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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