International Business: Motivations, Functions, and Challenges of WTO

International Business

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................2
Literature review..............................................................................................................................2
Analysis of the motivations behind the formation of the World ................................................2
Evaluation of the key functions of WTO....................................................................................3
Examine significance of WTO and the challenges facing the organisation in achieving its
principle aim...............................................................................................................................4
analysis of theory of WTO effectiveness using relevant examples of how specific
organisations or industries are affected by WTO policies..........................................................5
Analysis and discussion..............................................................................................................6
Recommendation........................................................................................................................7
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................9

EXECUTIVE SUMMARY
The below report is based on international business which is refers to trade of goods and
services across the broader of nation or territory boundaries. It is the situation in which
production and distribution of goods and service takes place cross country boundary. This has
been determine the understanding and motivation behind the formation of world trade
organisation. This is a global international organisation which is associated with rules of trade
between two nations. Along with this, there are various key functions of world trade organisation
which facilitate the smooth running of international business that provides growth and success to
the company.
Moreover there are various challenges that has been faced by the companies while
enhancing the business throughout the world such as, high competition, rules and regulation, lack
of knowledge, taxation policies etc. that negatively impact the company's operations. Along with
this there are various theories for practising the assessments of world trade organisation
effectiveness and there are policies which need to be followed by the organisations for
conducting business operation across the globe but some business get affected by them and
effectiveness get reduces.
INTRODUCTION
International business is refers to the activities of the business that is being perform or
conducted across country's boundary(Pauwelyn, J., 2019). It is associated with the transaction
that devised and carried out beyond geographical limits of country in order fulfil the objectives
of individuals, companies and organisation. Moreover, along with the transaction of goods and
services internationally it also includes movement of capital, personnel, technology and
intellectual property such as patents, trademarks, copyright etc. world trade organisation is an
intergovernmental organisation that deals with global rules and regulations of trade between two
nations (Buckley Enderwick, and Cross, 2018) . Its main purpose is to facilitates smooth flow
of trade, predictable and freely as possible. This has been provides trade in goods, services and
intellectual property in other countries along with the framework negotiating trade agreements
that have a motive to reduce tariffs, quotes and other restrictions for international trade. This has
been also administers independents dispute resolution in order to encouraging participants,
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devotion to trade agreements along with resolving conflicts related to trade. Below report is
consist of the analysis motivation behind formation of world trade organisation, understanding
the key functions of world trade organisation. Moreover it includes challenges faced by the
organisations in achieving its principle aim of enhancing trade between countries, analysis of
theories to practices in the assessments of World trade organisation and policies which impact
organisations.
MAIN BODY
Literature review
This is refers to the survey or narrative review of scholarly sources such as books,
journals, articles and theses. This is define as the scholarly paper which has represent the current
knowledge while including substantive findings on the particular which provides deep insight for
the topic that will enhance the knowledge and learnings of an individual.
Analysis of the motivations behind the formation of the World
As per the view point of, John G., 2021, The WTO is defined as the intergovernmental
organisation along with headquartered in Geneva, Switzerland and this has been composed by
the 153 members of different nations. It has been established in 1 January 1995 in order to
identify where the multilateral trade should go in the future (Hamilton and Webster, 2018) . this
is started with the trade negotiation after world war 2 along with this, the general agreements on
tariffs and trade has working for reducing or removing tariffs, anti dumping and non measures in
1948. moreover development of WTO has been done through negotiation between organisation
America. There is a agreement which is arranged by WTO in 1997 in order to promoting, the
trade over telecommunications services among 69 countries. The motive behind formulation of
WTO is to offer transparent and stable framework which can be utilised by the companies I order
to expand their business across the globe(Cherunilam, 2020). The ultimate goal of world trade
organisation is to facilitates and improve the welfare. This is the only global organisation which
has been deals in the trading rules and regulation which has been followed by the companies
while conducting operation in other nation. The organisation offers same rights to small and
large company members in terms of trade and taxation. Thus, if any dispute or conflict occurs
among member of country then, it is resolve by WTO while considering both countries.
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