the benefits of being a member country of WTO are limited for developing countries like india.why?
Dear student,
The benefits of being a member country of WTO are limited for developing countries like India because:
1) International trade mostly occurs between developed nations, so benefit is less for developing countries.
2) The developing economies are forced to open up their markets for the developed countries but are not allowed access to the markets of the developed countries.
Regards
The benefits of being a member country of WTO are limited for developing countries like India because:
1) International trade mostly occurs between developed nations, so benefit is less for developing countries.
2) The developing economies are forced to open up their markets for the developed countries but are not allowed access to the markets of the developed countries.
Regards