World Trade Organization
organization that intends to supervise and liberalize international trade
The World Trade Organization is an international organisation designed by its founders to supervise and liberalise international capital trade.
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- Empirical evidence tends to show that trade liberalisation may entail non-trivial adjustment costs for certain groups.
- When the wealthiest economies claim developing-country status, they harm not only other developed economies but also economies that truly require special and differential treatment. Such disregard for adherence to the WTO rules, including the likely disregard of any future rules, cannot continue to go unchecked.