The Role and Functions of the International Trade Organization (ITO) and the World Trade Organization (WTO): The Major Differences and Similarities

Authors

  • Charles Barnor University of Professional studies, Accra
  • Deborah Adu-Twumwaah University of Professional Studies, Accra.
  • Prince Henry Osei

Keywords:

World Trade Organization, International Trade Organization, Most Favourate Nation, Hegemonic power

Abstract

The International Trade Organization (ITO) and the World Trade Organization (WTO) are both trade organizations whose functions are geared towards regulating trade among nations. The ITO was proposed to be the international organization in charge of international trade regulation among nations even before the coming into being of the WTO. The ITO never had the chance to materialise due to the refusal of the United States

Author Biographies

Charles Barnor, University of Professional studies, Accra

Department of Banking and Finance, Head of Department

Deborah Adu-Twumwaah, University of Professional Studies, Accra.

Department of Banking and Finance, Accra.

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Published

2015-11-20

How to Cite

Barnor, C., Adu-Twumwaah, D., & Osei, P. H. (2015). The Role and Functions of the International Trade Organization (ITO) and the World Trade Organization (WTO): The Major Differences and Similarities. International Journal of Sciences: Basic and Applied Research (IJSBAR), 24(6), 92–101. Retrieved from https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/4863

Issue

Vol. 24 No. 6 (2015)

Section

Articles

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