Objectives of the wto, Microeconomics

Assignment Help:

Objectives of the WTO:

The agreement establishing the WTO reiterates the following objectives of the WTO: 

•  Raising standards of living and incomes, ensuring full employment, expanding production and trade, optimal use of world's resources, at the same time extending the objectives to services and making them more precise. 

•  Introduces the idea of sustainable development in relation to the optimal use of world's resources, and the need to protect and preserve the environment in a manner consistent with the various levels of national economic development. 

•  Recognises the need for positive efforts designed to ensure that developing countries, especially the least developed ones, secure a better share of growth in international trade. 

The WTO continues the decision-making practice followed under the GATT Decisions will be taken by a majority of votes cast on the basis of one country, one vote.


Related Discussions:- Objectives of the wto

Explain about non-renewable resources, How the above would apply to non-ren...

How the above would apply to non-renewable resources such as oil. This has general applicability to any competitive market. The issue here is that potential supply has a finite

Infrastructure , Infrastructure : Infrastructure plays an important ro...

Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p

Determine the wage of labor, Consider a hypothetical nation, Solowland, whi...

Consider a hypothetical nation, Solowland, which were in the steady state. We consider a constant return to scale production function based on two production factors, labor and cap

Explain labour intensity, Q. Explain Labour Intensity? Labour Intensity...

Q. Explain Labour Intensity? Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflect

Money multiplier, Should the bank not have anyone to lend the demand deposi...

Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?

Source of economic growth and development, Question: (a) Explain the fa...

Question: (a) Explain the factors that contributed to the adoption of structural adjustment programme by a majority of Least Developed Countries in the 1980s? (b) Describe t

Producers and the efficiency, regis is hungry for a snack. Here is the valu...

regis is hungry for a snack. Here is the value he place on a cupcake: value of the first cupcake$5, value of the second cupcake $4, value of the third cupcake $3, and the value of

Profit maximisattion, argument against in favour of traditonel theory prof...

argument against in favour of traditonel theory profit maximisation

Explain how a country can peg its currency, Explain how a country can peg (...

Explain how a country can peg (fix) its currency to another currency. Explanation of a pegged/fixed currency should centre on how the central bank uses the currency market mech

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd