Isn’t free trade how all the world’s developed countries have become rich?



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2. Protectionism - Standard Level

L.O: The World Trade Organisation

  • What is the WTO? How many members states? Which country is not a member?
  • When & how was the WTO formed?
  • Why was the WTO formed?
  • What are the three components of the WTO?
  • Briefly describe the objectives and functions of the WTO
  • Briefly describe the principals of the WTO
  • Does the WTO apply its framework in exactly the same fashion throughout the world?
  • Who is the Director General of the WTO and what is their backgrounds?
  • In 2018 a statement of agreement was released by the nations involved during the G20 meeting in Argentina. What was agreed in this statement regarding the current economic system and the WTO?
  • Why has the WTO faced regular criticism from USA Presidents past and present?  
  • Why was China barred from the WTO before it joined?
  • Brexit: What was the 'No-deal' WTO option?

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