GEOG 216 Study Guide - Economic Equilibrium, Price Support, Agricultural Biodiversity
Document Summary
Ito was supposed serve to limit the restrictive and protectionist business practices that had brought about the great depression in the. National treatment: wto is much stronger institution; has legal status similar to the un, had a dispute settlement body to enforce these rules and principles. Took care of services and patents as well as physical trade issues. Have major implications for the working of markets worldwide and the prospects for sustainable development and the alleviation debt and for progress toward democracy in the developing world. Commodity prices don"t come under the wto. Hosts rounds; arrangements are negotiated and disputes resolved. The uruguay round too 8 years (1986-1994) and another. 7 years to agree to the shape for the next round of deliberations. Disagreement between developing countries and the us because of the us"s threat to link trade with labour standard.
