Case: WTO: What do they do?

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14-12-2021 315 views 0

WTO: What do they do?

A lot of people think they know what the WTO is supposed to do but actually don't.

More and more people are talking about the World Trade Organization these days due to the many controversies surrounding global trade. The WTO will most likely end up having to play its role as a mediator sooner rather than later, so it would be a good idea to understand what exactly the World Trade Organization is and what this organization does.

Let’s try to be objective and put the World Trade Organization under the microscope.

Tags:

economical | political

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Assignments for students

1.1 Explain in your own words the following terms:

“entity”
“level playing field”
”impose sanctions”
“pharmaceutcial industries”
“discouraged”
“controversy”

1.2 What is the main goal of the World Trade Organization?

1.3 What is the WTO doing, which tasks and activities does it carry out?

2.1 List at least two other worldwide organizations for international trade.

2.2 Give a brief yet valid explanation of the organizations’ tasks and duties found in question 2.1.

2.3 Explain in your own words the issue regarding poor countries and pharmaceutical companies the WTO is confronted.

3.1 Describe what the importance is of the WTO for:

-The Netherlands
A developing country of choice (f.e. in Asia, Africa, South America)

3.2 Search on the internet which major dispute the WTO had to investigate and had to come with a verdict.

Core assignments for students

Discover whether you master the essence of this case by completing the corresponding core assignments. If necessary, you can share your answers with your teacher or supervisor.

Case: WTO: What do they do?

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Walter Baart

International Business Studies | Editorial member