The World Trade Organization (WTO) offers Cambodia significant advantages, such as increased access to international markets and the potential for economic growth through trade liberalization. However, a key disadvantage is that Cambodia may struggle to compete with more developed countries, which can lead to challenges for local industries and small farmers who may not have the resources to adapt to global competition. Additionally, reliance on exports can make the economy vulnerable to external market fluctuations.
disadvantages of WTO..?
One advantage of Cambodia not being a member of the World Trade Organization (WTO) is the ability to maintain more flexible trade policies and regulations that can cater to its domestic industries without the constraints imposed by WTO rules. This flexibility can help protect emerging sectors and support local businesses. However, a significant disadvantage is the potential lack of access to global markets and reduced foreign investment, as non-WTO members may face higher tariffs and trade barriers. Additionally, Cambodia may miss out on technical assistance and resources provided by the WTO to help improve its trade infrastructure and practices.
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Advantage and disadvantage of workshop
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Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
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