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The Wto is a group of Countries that are negotiating between trades. A disadvantage is that the countries never agree on anything. For example, the countries have to vote on a decision and a country like Uganda's vote would not even be taken into account. Wheras countries with higher status such as the USA will persuade the other countried to change their votes and agree on their decision. This makes the WTO pointless in a way.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoThere are several disadvantages of protectionism in long-term that include more burnout and layoffs. There is no competition, dissatisfaction of consumers, and it restricts industries from innovation.
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What is the impact of WTO in India economy?
disadvantages of WTO..?
Disadvantages of GATT?
GATT is now known as WTO. The disadvantage of GATT is, It requires the member country to be market oriented, which is not possible for under developed countries that are facing poverty.
What is scope of wto?
the WTO has no scope... lol
Comments on wto and its function?
Function for WTO
-With which Trips and trims are related to WTO or IBRD?
wto
Wto is part of IMF UNO GATT?
actually GATT is a part of WTO and WTO is a body under UNO
Developments in WTO?
wto means world trade organization.
What is a flow chart of WTO?
a brife explanation of wto and its funtion
What is WTO and its relationship to India?
wto and it's relation in India
Who is the 153 rd member of WTO?
Cape Verde becomes the WTO's 153rd memberCape Verde becomes the WTO's 153rd member
How did the WTO originate?
The WTO deals with the rules of trade between nations. The WTO originated in 1948 as the General Agreement on Tariffs and Trade.
Is Russia a WTO member country?
Yes russia is a wto member.
