Assess briefly the role of WTO. How can it contribute to an economic globalization in contemporary international community?

The Role of WTO
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The World Trade Organization (WTO) is responsible for regulating the international trade and deals with all legal matters of business among nations. This organization helps countries produce quality products and services, and does everything to strengthen the relationship between importers and exporters. It’s safe to say that the World Trade Organization is one of the major players in the field of global governance. This organization has expanded its network with time and implemented magnificent trade-related policies in over 130 sovereign states. Because of the so many projects initiated by the World Trade Organization, it has always been criticized in one way or the other. However, the team of this organization is proud of their current policies and has always been forefront in reducing barriers between underdeveloped and developed states. Thus, we can say that the WTO system ensures the preservatio...