What is the role of the World Trade Organization and what philosophy does it promote with respect to globalization?
What will be an ideal response?
The World Trade Organization is an international organization of over 150 countries that provides a forum for negotiating and enforcing global trade agreements. Initially it was created to administer the General Agreement on Tariffs and Trade (GATT) and to handle trade negotiations. The WTO promotes free trade through the reduction of trade barriers including tariffs, quotas, domestic subsidies, discriminatory government procurement policies, and regulations. The WTO allows countries to establish standard necessary to protect human, animal, or plant life or to conserve exhaustible natural resources as long as these are not trade barriers. The WTO has the authority to resolve trade disputes and any country found in violation must change its trade policy or pay damages.
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Another name for lower-middle income countries is industrializing countries
Indicate whether the statement is true or false
In an unbalanced transportation problem where total demand exceeds total supply, the demand constraints will typically have "?" inequalities
Indicate whether the statement is true or false
The following is an example of:?Amount%Cash$ 300,0006Accounts receivable500,00010Inventory800,00016Long-term assets 3,400,000 68Total assets$ 5,000,000100
A. Both vertical and horizontal analysis. B. Diagonal analysis. C. Vertical analysis. D. Horizontal analysis.
Defend or refute the statement: "Strategic groups do not impact competitive rivalry within an industry."
What will be an ideal response?