Social Sciences, asked by rushilahuja2002, 9 months ago

differentiate between WTO and globalisation​

Answers

Answered by Royalstar785
0

Explanation:

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the ...

Answered by sumanmohapatra2003
2

Answer:

Explanation:

The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation. The WTO is the only international agency overseeing the rules of international trade.

The WTO oversees global trade rules among nations. The WTO has fueled globalization with both positive and negative effects. The main focus of the WTO is to provide open lines of communication concerning trade among its members.

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