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The World Trade Organization Was Formed In Order To Accomplish What Essay

Categories Essay, Organization, World

Essay, Pages 2 (496 words)

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Essay, Pages 2 (496 words)

International trade agreements have improved agricultural production in many countries. The establishment of agreements by many countries has enhanced the removal of many barriers of trade.

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Farmers from many countries can trade their products more easily in the global markets. Most of the agreements are based on enhancing trade between specific regions. Both multilateral and bilateral trade agreements have improved trade of products since countries can export and import products more easily.

Multinational trade organization such as the World Trade Organization (WTO), World Bank and others have enhanced trade in agriculture by encouraging countries of the world to remove barriers of trade. Multinational trade organizations have intervened in the trade between countries and have provided their members with better strategies to improve trade. WTO has been very active in establishing regional trade agreements between countries to enhance trade. It has assisted many countries recover from poor economic practices such as the economic crunch of the 2007-2009.

WTO has been involved in the globalization of many economies in the world.

Regulation about the global activities has been done by WTO to ensure fare trade practices are exercised by the countries of the world (World Trade Organization 2010). However, the trade agreements have resulted to poor trade practices whereby some countries have been restricted from trade. Non-member countries to a regional trade agreement face harsh restrictions which are established to favor member countries.

Multinational trade organizations have been dominated by the developed countries and the role of developing countries is very minimal (Daniels, Radebaugh & Sullivan, 2007).

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Division of labor The concept of division of labor has been adopted by small scale farmers to improve the quality and quantity of their products. Division of labor refers to the involvement of different workers in the production process whereby each stage of production involves different workers. This strategy increases the quality and quantity of production. In the agricultural sector, division of labor involves production of particular products by different people.

The division of labor increases the productivity of the workers since different people are involved in the production of a particular unit. The quality of products produced increases with the division of labor since all participants provide their best talents in the production process (Daniels, Radebaugh & Sullivan, 2007). The use of technology has been of great help to small scale farmers. Technology in agriculture has improved the quality and quantity of products from the agricultural sector. The cost of production has reduced after the adoption of scientific methods of production.

The access to information about new technologies has been made possible by the improvement in the information technology systems. Many farmers can monitor the market trends by the use of new technologies in communication. The free flow of information has accelerated the access of better methods of production. The international market has been accessed through efficient technologies. The developed and developing countries have been able to share resources to produce better products more economically (Daniels, Radebaugh & Sullivan, 2007).

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The World Trade Organization Was Formed In Order To Accomplish What Essay. (2020, Jun 02). Retrieved from https://studymoose.com/world-trade-organization-3-new-essay

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