The benefits of being a member country of the WTO is limited for countries like India. Why?

d.eandeconomicreform
cbse

#1

The benefits of being a member country of the WTO is limited for developing countries like India, because :
(i) Major volume of international trade occurs between the developed countries. Thus, the benefit to developing nations is limited.
(ii) The developing economies are forced to open up their markets for the developed countries but are not allowed access to the markets of the developed countries.