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Reasons behind the Formation of WTO
On 1st January, 1995, the World Trade Organization replaced GATT. The reasons for GATT being replaced…
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World Trade Organization
The World Trade Organization (WTO) is the single global international organization dealing with the rules…
Posted inInternational Business Management
What is International Business?
Meaning International Business conducts business transactions all over the world. These transactions include the transfer…
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Role of GATT in Promoting International Trade
GATT’s role was instrumental in the following aspects − ● GATT formulated standards to direct the contracting…
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GATT – Major Principles
GATT’s major principle was trade without discrimination. The participating nations opened the markets impartially to every other…
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General Agreements on Tariffs & Trade
In the 18th and 19th century, almost all nations and nation-states believed that protectionism is a must…
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Revolutionary Economic Trends
Liberalization and deregulation stimulated the epic run of three major areas of business − ● International trade…
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Liberalization, Privatization, and Globalization
Due to close resemblance and similar attributes, the term LPG (Liberalization, Privatization, and Globalization) is…
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Arguments, Counterarguments, and Discussions
The advantages of liberalization and deregulation are questioned in many ways. Both of these phenomena…
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Liberalization Vs Deregulation
Liberalization is the process of relaxation from government control. It is a very important economic term.…