Chapter 17: International Trade
"The World Trade Organization"
You already know that international trade is important to
all nations, even a country as large as the United States.
Most of the products exchanged are goods, although a growing
number of services, such as insurance and banking, are also
bought and sold. Nations trade for the same reasons that individuals
do--they trade because they believe that the products they
receive are worth the products they give up. In addition,
because nations are free to trade, they must believe that
they are better off with trade than without it. One important
organization that aids in connecting countries of the world
is the World Trade Organization (WTO). In this activity, you
will learn more about this organization and its role in our
Destination Title: The
World Trade Organization
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Start at the World Trade Organization Web site. Print a hard
copy or read the sections and answer the following questions.