The rules made by the world trade organisation favour developed countries. Do you agree? Give reasons for your answer.
Dear Student,
Yes I agree with the statement as the developed countries are using WTO in an unfair manner by using it, develop country force the developing countries to remove the trade barriers so that their business can expand and they can open factories , MNCs in the developing countries due to this the domestic industries are not able to come up due to the competition from outside. For example agriculturist in the USA are heavily subsidized by the government so that they can export products like wheat cotton at very low prices to developing countries does competing with and adversely affecting farmers in these countries
Regards,
Yes I agree with the statement as the developed countries are using WTO in an unfair manner by using it, develop country force the developing countries to remove the trade barriers so that their business can expand and they can open factories , MNCs in the developing countries due to this the domestic industries are not able to come up due to the competition from outside. For example agriculturist in the USA are heavily subsidized by the government so that they can export products like wheat cotton at very low prices to developing countries does competing with and adversely affecting farmers in these countries
Regards,