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Doha Development Agenda of the World Trade Organisation - Has the WTO failed poor countries ? Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams

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FAQs on Doha Development Agenda of the World Trade Organisation - Has the WTO failed poor countries ? Video Lecture - Indian Economy for Government Exams (Hindi) - Bank Exams

1. Has the WTO failed poor countries?
Ans. The question of whether the WTO has failed poor countries is a complex one. While the WTO's Doha Development Agenda aimed to address the concerns of developing countries, many argue that it has not delivered on its promises. Poor countries often face challenges in participating effectively in negotiations and implementing WTO agreements, which can put them at a disadvantage. Additionally, some argue that the rules and policies set by the WTO disproportionately benefit wealthier nations. However, others believe that the WTO has provided opportunities for poorer countries to integrate into the global trading system and benefit from international trade.
2. What is the Doha Development Agenda of the World Trade Organisation?
Ans. The Doha Development Agenda (DDA) is a set of negotiations and agreements within the World Trade Organisation (WTO) that aimed to address the trade concerns of developing countries. It was launched in 2001 with the goal of promoting development, reducing trade barriers, and addressing the needs of poorer nations. The DDA covered various areas such as agriculture, services, intellectual property, and market access. However, the negotiations have faced numerous challenges and have not been concluded as originally planned.
3. What are the main challenges faced by poor countries in the WTO negotiations?
Ans. Poor countries often face several challenges in the WTO negotiations. Firstly, they may lack the resources and capacity to effectively participate in the negotiations and understand complex trade issues. This can lead to unequal power dynamics and limited influence in decision-making processes. Secondly, implementing WTO agreements can be a challenge for poorer nations due to limited infrastructure, technical expertise, and financial constraints. Lastly, some argue that the rules and policies set by the WTO do not adequately address the specific needs and concerns of developing countries, which can put them at a disadvantage.
4. How do some argue that the WTO rules and policies disproportionately benefit wealthier nations?
Ans. Critics argue that the rules and policies set by the WTO disproportionately benefit wealthier nations in several ways. Firstly, some argue that the rules favor countries with greater economic power and influence, allowing them to protect their domestic industries while imposing barriers on imports from developing countries. This can hinder the ability of poorer nations to compete on a level playing field. Secondly, the intellectual property rights provisions of the WTO, such as patents and copyrights, can restrict access to affordable medicines and technology for developing countries. Lastly, some argue that the dispute settlement mechanism of the WTO is biased towards more powerful nations, making it difficult for poorer countries to challenge unfair trade practices.
5. What opportunities has the WTO provided for poorer countries to benefit from international trade?
Ans. The WTO has provided opportunities for poorer countries to benefit from international trade in various ways. Firstly, it promotes the principle of non-discrimination, which means that countries should not discriminate against imports from other WTO members. This allows developing countries to access markets and export their goods and services without facing unfair barriers. Secondly, the WTO provides a platform for negotiations and resolving trade disputes, which can help protect the interests of poorer nations. Additionally, the WTO encourages technical assistance and capacity-building programs to help developing countries enhance their trade-related infrastructure, knowledge, and skills. These initiatives aim to support economic development and integration into the global trading system.
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