Target Exam

CUET

Subject

Geography

Chapter

Fundamentals of Human Geography: International Trade

Question:

The World Trade Organisation (WTO) has been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. Which of the following is NOT the reason for the opposition?

Options:

It sets the rules for the global trading system and resolves disputes between its member nations.

The influential nations in the WTO focus on their own commercial interests.

Many developed countries have not fully opened their markets to products from developing countries.

Issues of health, worker's rights, child labour and the environment are ignored.

Correct Answer:

It sets the rules for the global trading system and resolves disputes between its member nations.

Explanation:

The correct answer is Option (1) → It sets the rules for the global trading system and resolves disputes between its member nations.

Option 1: It sets the rules for the global trading system and resolves disputes between its member nations. Correct. This is the main function of WTO, not a reason for opposition.

" The WTO has however been criticised and opposed by those who are worried about the effects of free trade and economic globalisation. It is argued that free trade does not make ordinary people’s lives more prosperous. It is actually widening the gulf between rich and poor by making rich countries more rich. This is because the influential nations in the WTO focus on their own commercial interests. Moreover, many developed countries have not fully opened their markets to products from developing countries. It is also argued that issues of health, worker’s rights, child labour and environment are ignored."