What is the World Trade Organization, and what is its purpose? What, if any, are the disadvantages of the policies promoted by this entity?
Answer:
An ideal response will:
1. Describe the World Trade Organization (WTO) and how its formation ended the General Agreement on Trade and Tariffs (GATT).
2. Explain how the WTO provides an international forum for reaching trade agreements and for resolving disputes among its members.
3. Note that labor unions, environmental groups, and human rights organizations worry about the negative effects of free trade, including low-wage jobs, child labor abuses, pollution, and worker abuse in foreign countries.
4. Provide a clear and concise conclusion.
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What will be an ideal response?
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