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Which among the following are criticisms given against World Trade Organization...

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Business Environment and International Business
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Which among the following are criticisms given against World Trade Organization (WTO)?
(1) It is not a democratic and transparent institution.
(2) It has domination of international trade by rich countries for the benefit of their individual interests.
(3) It encourages a 'race to the bottom' in wages by pitting workers against each other rather than promoting internationally recognized labour standards.
(4) It is seeking to privatize essential public services.

Answer & Solution
Correct Answer: Option D
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