WTO and Agrarian Crisis for Developing Nations: An Overview

Abstract

WTO was set up to facilitate free trade amongst nations and let each country have access to every variety of resource that is available on this planet earth. The exchange of agricultural resources was so basic and pertinent that there was an agreement on agriculture which specifically provided benefits to the developing nations. Giving of benefits was pertinent in times when globalization had just begun. However, with the passage of time the developing nations have secured a comfortable position. Technology wise they have remained backward. It will be interesting to figure out if they have actually reached a position where they can give up privileges and be at par with the developing nations.