Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Evaluation of the WTO:
The WTO is different from and an improvement over the GATT in the following respects:
• The WTO is more global in its membership.
• The WTO has introduced commercial activities into the multilateral trading system.
• While the GATT had 'contracting parties'. WTO has 'members' and is a legal organisation.
• GATT provisions in case of disputes were time-consuming. GATT could levy penalties only through unanimous decisions, which were virtually impossible. Under WTO, unanimous are no longer desired; all disputes are to be settled within 18 months.
• WTO has one-country one-vote principle, unlike in the World Bank and IMF where the economic strength of rich countries translates into a voting majority.
• Even if developing countries differ on specific issues, they can make a difference if even a few of them stand firm.
• Both big and small developing countries no longer accept decisions taken behind closed door by a group of select countries.
Is the terms of trade (TOT) explained as the ratio of the value of exports to the value of imports? How does the TOT relate to the exchange rate? The terms of trade (TOT) is ex
subsitution effect dominate tha income effect in which good case?
FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
Is Indian companies running a risk by not giving attention to cost cutting? 2. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability. 3. Dis
Money market, labour market, goods market
Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o
Processors of aseptically packaged juice-based beverages must adequately heat their product before packaging it in order to be sure that they have “killed” the microorganisms which
concept of narrowness in pure economics
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd