Any obstructive measures launched by powerful economies to inhibit the free flow of goods and services may have potential to adversely affect the entire developmental process in the entire world. Recent, spark of “Trade War” among leading economies isn’t good omen for global economy and stakeholders. So, it is bound to impact the livelihood of …
Do you know how trade makes everyone better off? And, is it possible with barriers to entry? What would happen when there are barriers on both commodities and markets? What is relation between open markets and free trade? Really, these are enough to make loud noise in your thought factory. No doubt, unless you know …
The degree of economic development is the best yardstick to judge the country’s overall well-being. And, the pace of development is always powered by the nature of economic system in operation. Most favoured economic system is market economy. In this blog, I’m going to describe the stages of evolution of market economy. Meaning of economic …
What is mean by WTO? How does WTO work for member nations? What are the main functions of World Trade Organization? Is there any major achievements? What is current relevancy of WTO? Isn’t it important for you? Let’s start… Meaning and definition of World Trade Organization It is an international organization. It was established on …