What is the purpose of the WTO Explain one positive and one negative effect the WT-O's operations can have on member countries?

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2026-08-07 10:40

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The World Trade Organization (WTO) aims to regulate international trade by providing a framework for negotiating trade agreements and settling disputes among member countries. A positive effect of the WTO's operations is that it promotes free trade, which can lead to economic growth and increased consumer choice. Conversely, a negative effect is that it may disadvantage developing countries, as they often lack the resources to compete with more developed nations, potentially exacerbating economic inequalities.

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