Buy custom The IMF, World Bank and WTO: The Burden of Developing Countries
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| Topic: |
History
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| Number of pages / Number of words: |
8 / 2008 |
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This unanimoty keeps decisions as agreeable to as many member states as possible . The WTO restricts laws of member states by forcing them to adhere to WTO agreements like the GATT. The Agreement on Agriculture is a big source of criticism due to uneqal tariff protection requirements levelled against farmers in developing countries (FAO, p...
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The problem intensifies when developed countries can afford to spend billions of dollars in subsidies, resulting in markets flooded with cheap produce. This problem is what is frequently highlighted by major news media covering WTO meetings. The stated goal of the WTO is to provide a level of, "predictability and stability" (Jackson, 105) by setting rules that govern investment and also by providing guidance to governments in an effort to maintain monetary security...
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