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From course:

Economics A Level (DONEEEEEEE)

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Question:

Overall, do WTO and Trading Blocs prevent Development in Developing Nations?

Author: eric_galvao



Answer:

-Developing Nations may be not allowed to Protect Infant Firms due to WTO Policies. This can make it hard for Nations to diversify from agriculture and essential Development. May even Prevent Worldwide Improvements in Efficiency due to a lack of Specialisation -Free Trade however has allowed China, India, Vietnam, South Korea, Brazil, Bangladesh, and more to Rapidly Develop. It depends really on more than just Free Trade


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