Assertion: Free trade is actually widening the gulf between rich and poor by making rich countries richer.
Reasoning: The influential nations in the WTO focus on their own commercial interests.
Reasoning: The influential nations in the WTO focus on their own commercial interests.
Answer & explanation
Correct answer: option 2
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.