1 . The World Trade Organization (WTO) was formed in January of 1995. It deals with the regulation of international trade.
Here we will focus on two of those aspects: doing business internationally and raising living standards worldwide. Before the WTO, countries relied on independent partnerships to accomplish trade. Doing trade was often expensive, as tariffs were high. With one place for all of these countries to meet, and discuss new trade deals together, it is easier for them to make trade deals that are advantageous for all parties.
How does the WTO raise the standard of living globally? In modern life, we rely heavily on trade to have the things we need and want. For example, China exports a lot of manufactured items to many countries. These frequent international transactions can also raise living standards by introducing new jobs to different countries. Without international business and trade, there would be far fewer jobs in all countries.
There are many benefits of being in the WTO. However, sometimes it leads to international disputes.
A.It is similar to having an office to accomplish work. |
B.With jobs, citizens are able to earn income and have a better life. |
C.The WTO also seeks to increase awareness of unity and cooperation. |
D.It currently has over 160 participating members. |
E.The functions of the WTO are constantly changing and developing. |
F.Some have accused the WTO of promoting too much globalization. |
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And even if employees do leave after graduation, it generally takes several years to complete any degree program. Thus, even if the employee leaves upon graduating, throughout those years, the employer will have a more sophisticated, more intelligent, and therefore more valuable and productive employee. And, if the employee stays, that education will