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| 1. |
Drawbacks of WTO? |
| Answer» The WTO has often been criticised for ignoring the plight of the developing world.It is argued the benefits of free trade accrue mostly to the developed world.Free trade may prevent developing economies develop their infant industries. For example, if a developing economy was trying to diversify their economy to develop a new manufacturing industry, they may be unable to do it without some tariff protection. | |