World trade organisation Flashcards

1
Q

what is the WTO’s role

A

deal with trade rules between countries, which is negotiated and signed by almost all world trading nations

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2
Q

what are the advantages of the WTO

A
  1. helps poor countries
  2. aims to make globalisation inclusive
  3. aid and assistance
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3
Q

what are the disadvantages of the WTO

A
  1. mostly controlled by the west (USA)
  2. Critised for trade rules being unfavourable to developing countries
  3. difficult
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4
Q

what is the WSSD

A

the world summit on sustainable development

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5
Q

what is agenda 21

A
  • A plan of action globally, nationally and locally
  • adopted by blueprint
  • there is controversy in USA as they feel they are being personally attacked on their liberties like family size and cars
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