Economics Capitalism Questions
The World Trade Organization (WTO) plays a significant role in regulating capitalism by establishing and enforcing rules for international trade. It aims to promote free and fair trade among member countries, ensuring that goods, services, and intellectual property rights are traded without discrimination or unfair practices. The WTO also provides a platform for negotiations and dispute settlement mechanisms to resolve trade disputes between member nations. Additionally, it monitors and reviews the trade policies and practices of member countries to ensure compliance with agreed-upon rules and regulations. Overall, the WTO acts as a regulatory body that promotes and maintains a stable and predictable global trading system within the framework of capitalism.