INTRODUCTION The World Trade Organization (WTO) is the sole international organization dealing with multilaterally agreed rules on trade among its member countries. Through WTO agreement, which spell out rights and obligations, member countries operate a nondiscriminatory multilateral trading system that has allowed world trade to grow. The goal is to help producers of goods and services, and exporters and importers, conduct their business in a manner that ensures predictability and stability. (World Trade Organization 2001) This …
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showed last 75 words of 3587 total
…is supported not only by economic theory but by decades of hard-earned experience. A growing majority of nations have made their peace with globalization not based on whim or blind ideology but on the manifest failure of any alternative. They have come to realize that the spread of free markets and the institutions that support them offer the best hope that the fruits of prosperity can be shared by a wider circle of mankind. (Griswold 2000)