Case Code : CLIBE061
Publication date : 2005
Subject : Business Environment
Length : 04 Pages
Short Case Study Price: INR 100;
The caselet focuses on the WTO and its role in global trade. It discusses the failure of the Cancun Round of the ministerial conference. It goes into the impact of liberalization on different economies and the future role of the WTO
Questions for Discussion:
1. The WTO was set up with the intention of regulating international trade between countries. How successful has the WTO been in attaining its objectives? Justify your stand.
2. The rules and regulations of international trade framed by the WTO have been largely influenced by the developed nations led by the U.S. The failure of the Cancun meet indicates the increasing role played by developing nations in making the policies of WTO. Comment.
World Trade Organization (WTO), Cancun Round, G-22 countries, European Union (EU), General Agreement on Trade and Tariffs (GATT), World Bank, International Monetary Fund, liberalization, quotas, Doha development agenda
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