Question

When the world economy suffers, people lose their jobs, banking systems fail, and businesses incur losses, does the World Trade Organization help its member countries?

• A. Yes. The WTO tries to make more and more countries part of the organisation.
• B. No. It is outside the perview of the WTO.
• C. Yes. The WTO tries to bring stability by trading between countries.
• D. No. The lesser the trade, the better it is, as there will be no pollution due to transportation of goods.

Answer 1

The correct option is C Yes. The WTO tries to bring stability by trading between countries.

The World Trade Organization performs many functions like removing obstacles that influence global trade, suggesting trade policy changes to other countries, solving disputes and conflicts between member nations, ensuring good governance, helping in maintaining stability and peace, stimulating economic growth, creating employment opportunities and raising standards of living of its member countries.