Describe the role of the WTO in respect to global business a

Describe the role of the WTO in respect to global business and global economic conditions. As part of the discussion, differentiate between developed and developing country designations. Why are developing countries of particular interest in today\'s global marketing environment?

Solution

world trade organization was established to promote free and fair trade around the globe. it encourage nations to do business with rest of the world. and it is playing a key role in world commerce and business area. many of the nations are joined as members in WTO and doing business with other nations.

and it is also working to erase the economic inequality among the nations, which helps the nations economically stronger. by using the business conditions, the nations are getting benefit and at the same time the other nations also getting benefits.

for discussion i am considering the developed nations are US and Jermany; and developing countries India and Brazil.

the developed countries are focusing on the markets of developing countries to market their products and services. the nations are establishing manufacturing units and service sector firms in the developing nations and helping to increase their revenues. with this, the nations are getting higher income interms of taxes, employment to the people and salaries and even indirect employment also.

to market the products, developed nations are looking towards developing nations. many of the foreign players are enetering into India to do business. here there is huge scope for business. the one who is able to grab this opportunity, they are going to be benefited.