This topic contains a solution. Click here to go to the answer

Author Question: What is the purpose of the WTO? Give an example of the type of issue that might come before this ... (Read 48 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
What is the purpose of the WTO? Give an example of the type of issue that might come before this organization.
 
  What will be an ideal response?

Question 2

Explain some of the benefits and challenges faced by American businesses because of America's membership in NAFTA.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

Answer: The goal of the World Trade Organization is to help countries conduct trade through a system of rules. It plays a role in monitoring, promoting, and protecting global trade.
The WTO ruled that the European plan maker Airbus received improper European Union subsidies for the A380 super jumbo jet and several other airplanes, hurting its American rival, Boeing.

Answer to Question 2

Answer: Together Canada, the United States, and Mexico comprise the second largest trading bloc in the world. Goods travel freely among the three nations without tariffs or quotas, thereby making consumer goods more competitive relative to goods from countries not in NAFTA. U.S. businesses can take advantage of lower wage rates in Mexico, again making their products more competitive in both the domestic and global markets.
On the other hand, significant cultural differences exist between the U.S. and Mexico. Mexico is high in uncertainty avoidance and power distance while the U.S. is low in both. The U.S. is an individualistic culture but Mexico is collectivistic. As a result, American managers may have some difficulty relating to the Mexican workers.





 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

For a complete list of videos, visit our video library