WTO GATT
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What is the WTO? What is GATT? The World Trade Organization's General Agreement on Tariffs and Trades serve as the basis of Economic principles in a country. Though we know about the WTO-GATT existence some are questioned, does the WTO-GATT promote incompassion? Some say it does but do we really think that it's true? Many facts reveal it does but there is another side of the story. The WTO-GATT has been around for years and we have all heard about it's ups and downs, but do we really think it affects us? Many countries aside ourselves (Philippines) experience this kind of dilemma. But let's focus on our country, for example what if the poor countries start selling goods at two price points?
Price point A commands the higher price point but guarantees no labor, human, environmental, etc...