positive and negative impacts of world trade organisation.
Answers
Explanation:
POSITIVE IMPACT
Apart from strengthening economic relationship among countries, it has helped the trade and development go hand in hand. The biggest positive impact which it has on developing countries is that it has helped them in providing market for the manufacturing goods which has enhanced the exports at a higher pace.
NEGETIVE IMPACT
Free trade may prevent developing economies develop their infant industries. For example, if a developing economy was trying to diversify their economy to develop a new manufacturing industry, they may be unable to do it without some tariff protection. Difficulty of making progress.
Positive impact is that WTO provide a market for trade and shaping out the trade as an element for achieving higher development goals for all the developing countries .
negative impact
it provide a free trade among nation so that the local companies of developing countries could not compete multinational companies.