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What is the failure effectiveness of World Trade Organisation in the promotion of development?

Failure effectiveness of World Trade Organisation in the promotion of development:

• Advantages DCs more than LDCs

• Makes less developed countries dependent (dependency theory)

• EG when less developed countries shift from exporting fruit to exporting canned fruit (higher value added onto canned fruit) the EU has low tariffs upon pineapples but extremely high tariffs on canned pineapples.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580383

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