Asked by Megan Loeffler on Jul 03, 2024
Verified
The WTO is a specialized agency for the United Nations focused on the promotion of social justice and internationally-recognized human and labor rights.
Social Justice
The pursuit of fairness and equity within society in terms of the distribution of wealth, opportunities, and privileges.
WTO
The World Trade Organization, an international body that regulates international trade agreements and aims to ensure smooth, free, and predictable trade flows.
- Understand the role and functions of the World Trade Organization (WTO) in global trade.
Verified Answer
HT
Harry Thomas7 days ago
Final Answer :
False
Explanation :
While the WTO is a specialized agency, its focus is on facilitating trade negotiations and resolving trade disputes among its member countries. While the organization works to ensure that trade is conducted in a fair and non-discriminatory manner, it is not primarily concerned with issues of social justice or human and labor rights.
Learning Objectives
- Understand the role and functions of the World Trade Organization (WTO) in global trade.