International Business True role of WTO From the perspective

(International Business)

True role of WTO

From the perspective of international business managers in the U.S. and other DCs, is the WTO a good thing or a bad thing?

Solution

World Trade Organization (WTO) is one of the international organizations which always help in dealing with the two different nations about the rules for trading. Main goal for the WTO was to have a good conduct of business for all the business people. WTO plays a major role in operating the agreements belongs to trade between the countries without any kind of conflicts, it helps in trade negotiations, about the rules and regulations many countries will involve in conflicts world trade organization will help to solve the conflicts between the countries. It plays a major role in the world economics by encouraging the business people without any disputes and makes them follow all the rules and regulations regarding the trade.

         According to international business managers perspective of US and DCs, WTO was good thing because it always helps to improve the country’s economy by handling the trades carefully and helps for to encourage the globalization of the country. Among all the countries WTO helps more for the US.