This predecessor was a failed one as the join States of America wasn t compatible with it and eventually this organization was shrunken down because of the non participation of America . Since the world was always on the brink of wars then , ITO s policies interfered with markets sovereignty which was not digested by the United States of America . The need for an international establishment which would help reign flocks and have fair play was felt in nations , curiously after the horrid experiences of financial meltdowns by the world wars . Since trade was on the top list of most of the powered countries ,World trade organization s actual predecessor was born and it was named as cosmopolitan agreement of tariffs and trade or popularly...If you want to get a full essay, order it on our website: Ordercustompaper.com
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