WTO (World Trade Organization): Economics

WTO (World Trade Organization) and its role in international trade.

World Trade Organization (WTO) is a global institution that helps create rules for global trade, with the help of its member nations.

Academic Questions on WTO

Question: The most favoured nation principle has been the basis of the WTO agreements. Has trade non-discrimination proven to be a good design for multinational businesses.

Answer: Read here

Question: What trade risks does a multinational company face? Can these risks be fully mitigated? Explain your answer using examples and relevant theory.

Question: Critically evaluate the role the World Trade Organisation (WTO) plays in world trade and international business. Explain with examples to illustrate your answer, any three benefits of the WTO to businesses.

Q. Select any trade dispute between two countries from this webpage on the WTO site: https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm select the ‘dispute by complainant tab’.

Summarise the main arguments from each side and explain where the dispute is in the WTO complaint process.

What do you think the equitable outcome should be? Why? Present your answers.

Present your ideas in a world cafe organisation. Each group representative stays on table, everyone else goes to different table. You will be given time to go back to your groups and discuss what other teams discovered. Save your work to Microsoft teams.

Discussion:

• What patterns can you notice from the complainers?
• What patterns can you notice from the winners?
• Why do countries from the Global North tend to complain more than those from the South?

Read: Regional Trade Associations (RTAs)

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