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World Trade Organization - WTO
What does it mean?
An international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible.
In Other Words...
Some, especially multinational corporations, believe that the WTO is great for business. Others believe the WTO will undermine the principles of democracy and simply make the rich much richer!
Related Links
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Related Terms
General Agreement on Tariffs and Trade - GATT | OECD
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