Review:
World Trade Organization
overall review score: 3.5
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score is between 0 and 5
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.
Key Features
- Setting rules for global trading
- Resolving trade disputes between member countries
- Promoting free trade
Pros
- Facilitates smoother international trade relations
- Provides a platform for resolving trade disputes peacefully
- Promotes fair and free trade practices
Cons
- Critics argue that it favors developed nations over developing countries
- Some view it as undemocratic due to lack of transparency in decision-making processes