Question

why WTO is blame as biased government organisation give suitable examples? in 5 points​

Answer 1

Answer:

Martin Khor argues that the WTO does not manage the global economy impartially, but in its operation has a systematic bias toward rich countries and multinational corporations, harming smaller countries which have less negotiation power.

Answer 2

Answer:

Since its creation in 1995, the World Trade Organization (WTO) has worked to maintain and develop international trade. As one of the largest international economic organizations (alongside the International Monetary Fund (IMF) and the World Bank), it has strong influence over trading rules and agreements, and thus has the ability to affect a country's economy profoundly.[1] WTO's policies aim to balance tariffs and other forms of economic protection with a trade liberalization policy,[2] and to "ensure that trade flows as smoothly, predictably and freely as possible".[3] Indeed, the WTO claims that its actions "cut living costs and raise standards, stimulate economic growth and development, help countries develop, [and] give the weak a stronger voice."[4] Statistically speaking, global trade has consistently grown between one and six percent per annum over the past decade,[5] and US$38.8 billion were allocated to Aid for Trade in 2016.[6]

Explanation:

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