Buy custom Critically assess the claim that the World Trade Organisation is suffering a ‘legitimacy deficit’.
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One of the fundamental developmentalist arguments is that, the less economically privileged nations (infant nations) are overprotected under TCA, moreover it is locking these nations in economic activities which are at the bottom of the value chain such as primary industry production while developing and developed nations participate in high value industry involving in producing commodities such as automobile and microchips...
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Hence, the developing infant nations constrained by TCA will generally not prosper from the international free trade.
Secondly I would like to argue that the excessive opening of free global trade causes detrimental effects on domestic culture and local traditions (Esty, 2002: 09). Due to the lowering of tariff barriers, commercial products of global brands and multinational corporations including media products are mass imported, leading to potential cultural imperialism and materialism...
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General points of the essay
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Critically assess the claim that the World Trade Organisation is suffering a ‘legitimacy deficit’.
SHould rich nations help poor nations
United Nations
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