1. India's Entanglement in the Global Economy
The World Trade Organization (WTO) is the solution. ... In addition to formalizing GATT, the WTO introduces many new facets, not all of which will serve to benefit the Indian economy. ... It is because the WTO has created a structure which allows policing of member governments that the organization is able to achieve its goal of liberalizing the global economy, an aspiration which India has only recently begun to seek. The Indian economy is well aware of the difficulties which arise from enacting import substitution industrialization and strategies that similarly impose protectionist polici...
- Word Count: 2837
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate