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What can be done to make trade between countries more fair Class 10 , economics chapter 4

Posted by Bhumi Agarwal 5 years ago

CBSE > Class 10 > Social Science

1 answers

Ashutosh Pandey 5 years ago

The following steps can be taken to make international trade fair:

Interests of not only developed countries, but the developing ones should also be considered.
Rules and regulations should be uniform and organizations like WTO should be democratic.
International trade should be liberalized by all countries.
Labor laws should be implemented properly.
Small producers should be supported till they become strong enough to compete the foreign trade.

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