WTO is World Trade Organization. It is an organization which is in favor of increasing the world trade through globalization. The Aim of WTO: To liberalize International trade by allowing free trade for all. To promote international trade among the countries of the world in an open uniform and non-dRead more
WTO is World Trade Organization. It is an organization which is in favor of increasing the world trade through globalization.
The Aim of WTO:
To liberalize International trade by allowing free trade for all.
To promote international trade among the countries of the world in an open uniform and non-discriminatory manner.
Removal of both the import and export restrictions.
The Drawback of WTO:
It is dominated by developed countries.
It is used by developed countries to support globalization in areas that are not directly to trade.
Globalization is the integration or interconnection between the countries through trade and foreign investment. Positive Impacts: Greater choice and improved quality of goods at competitive price and hence raises standard df living. MNC's have increased investment in India. Top Indian companies emerRead more
Globalization is the integration or interconnection between the countries through trade and foreign investment.
Positive Impacts:
Greater choice and improved quality of goods at competitive price and hence raises standard df living.
MNC’s have increased investment in India.
Top Indian companies emerged as multinationals.
Created new opportunities for companies providing services like IT sector.
Collaboration with foreign companies help a lot to domestic entrepreneurs.
Negative Impacts:
Indian economy faced the problem of brain drain.
Globalization has failed to remove unemployment and poverty.
What is WTO? What are the aim of WTO? What are the drawback of WTO?
WTO is World Trade Organization. It is an organization which is in favor of increasing the world trade through globalization. The Aim of WTO: To liberalize International trade by allowing free trade for all. To promote international trade among the countries of the world in an open uniform and non-dRead more
WTO is World Trade Organization. It is an organization which is in favor of increasing the world trade through globalization.
The Aim of WTO:
The Drawback of WTO:
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
What do you mean by globalization? What are the effects of globalization in India?
Globalization is the integration or interconnection between the countries through trade and foreign investment. Positive Impacts: Greater choice and improved quality of goods at competitive price and hence raises standard df living. MNC's have increased investment in India. Top Indian companies emerRead more
Globalization is the integration or interconnection between the countries through trade and foreign investment.
Positive Impacts:
Negative Impacts:
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/