Economics Globalization Questions
The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. Its main role is to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO promotes globalization by facilitating negotiations and agreements among member countries to reduce trade barriers, such as tariffs and quotas. It also provides a platform for resolving trade disputes and enforcing trade rules, thereby promoting fair and open global trade.