question archive Although GATS set out to bring equitable and fair treatment to the nations, there are a few countries that have created a huge empire taking advantages of the WTO which has resulted that most of the counties are now hardly and unconceivably dependent of those nations
Although GATS set out to bring equitable and fair treatment to the nations, there are a few countries that have created a huge empire taking advantages of the WTO which has resulted that most of the counties are now hardly and unconceivably dependent of those nations
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Although GATS set out to bring equitable and fair treatment to the nations, there are a few countries that have created a huge empire taking advantages of the WTO which has resulted that most of the counties are now hardly and unconceivably dependent of those nations. Based on this statement, we cannot affirm that GATS has stimulated the world economic activity through binding policies and healthy, transparent and fairer trade practices.
Do you agree, or don't, with this statement? and why?
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Answer:
GATS and WTO
Step-by-step explanation
I agree with the statement since WTO and GATS have failed to ensure equitable and fair treatment among nations in trade. This is attributed to the fact that core nations are known to exploit periphery nations. Imperialist nations are the most beneficiary of trade agreements since they exploit labor and raw material from poor nations. The core nations are known to obtain raw materials at cheap prices from periphery nations while selling finished products of the same at very high prices. This unequal trade make poor nations to suffer from the trade agreements with developed nations.
