Question

(Last Word) Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following EXCEPT:a. produce environmental degradation.b. allow producers to circumvent labor protections such as workplace safety, child labor restrictions, and collective bargaining rights.c. helps developing nations escape from poverty.d. promote the interests of multinational corporations.

Answer 1

The correct answer is C. Helps developing nations escape from poverty

Explanation:

The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.

However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.