What is the role of World trade organization (WTO) and World Bank in Globalization?
Answers
Answer:
The World Trade Organization (WTO is also a global association with 164 member countries. The organization's purpose is to promote fair trade between nations. The World Bank is also an international organization and has a goal to reduce poverty through financial assistance.
Answer:
♀️♀️HEYA DUDE♀️♀️
️♂️️♂️YOUR ANSWER IS ️♂️️♂️
♀️♀️THE ROLE OF WORLD TRADE ORGANISATION (WTO) ♀️♀️
✈️✈️The World Trade Organization(WTO) is the only international organization dealing with the globalrules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.✈️✈️
️♂️️♂️THE ROLE OF WORLD BANK IN GLOBALISATION ️♀️️♀️
✈️✈️The World Bank is an international organization that offers developmental assistance to middle-income and low-income countries. Founded in 1944, the World Back has 189 member nations and aims to reduce poverty in the developing world.♀️♀️
✈️✈️The Bretton Woods Institutions—the IMF and World Bank—have an important role to play in makingglobalization work better. The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues.♀️♀️