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What is the world trade organization

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Q1: What do you mean by globalization? Elaborate the pros and cons of globalization as a whole. Justify your answer with the help of examples.

Q2: What is the World Trade Organization? What is its role in the world economy?

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The proponents say globalization represents free trade which promotes global economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers. Competition between countries is supposed to drive prices down. In many cases this is not working because countries manipulate their currency to get a price advantage.

Reference no: EM13969171

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