The benefit of being a member country of WTO is limited for countries like India. Why
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Explanation:
The benefits of being a member country of the WTO is limited for developing countries like India, because : (i) Major volume of international trade occurs between the developed countries. Thus, the benefit to developing nations is limited.
Answered by
4
- lack of development in production sector
- more imports and less exports
- rising inflation
- poverty
- lack of skilked labour
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