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About: Criticism of the World Trade Organization     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Message106598915, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:WikicatCriticismsyago:Abstraction100002137yago:Communication100033020yago:Criticism106710546yago:Disapproval106709533yago:Message106598915 New Facet based on Instances of this Class

Since its creation in 1995, the World Trade Organization (WTO) has worked to maintain and develop international trade. As one of the largest international economic organizations (alongside the International Monetary Fund (IMF) and the World Bank), it has strong influence and control over trading rules and agreements, and thus has the ability to affect a country's economy immensely . The WTO policies aim to balance tariffs and other forms of economic protection with a trade liberalization policy, and to "ensure that trade flows as smoothly, predictably and freely as possible".Indeed, the WTO claims that its actions "cut living costs and raise standards, stimulate economic growth and development, help countries develop, [and] give the weak a stronger voice." Statistically speaking, global tr