WTO Economy
This post will be a short description of what is WTO, what have they done by now, why and how long they exist and few other facts about WTO Economy.
First of all, what is WTO? WTO stands for World Trade Organization and is global (international) organization that was established in order to controll or at least try to supervise international trades. This was very important in times of fast economic growth and world working together in one, global economy.
The “WTO Economy” started in the begining of 1995 and works primarily on arranging trades between countries. It is a very usefull organization and many people would consider it as a peace maker. I belive so as well, because it does help by making trades fair and keep countries from fighting.
WTO Economy covers 95% of world trades and has 153 members. It also has many new potential members who are yet to join and make it even more efficient.
Written by: Matt
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Tagged as economic policy, learn about money, monetary policy, money, world trade organization, WTO + Categorized as Business, Economy articles