The impact on a business firm when a host country joins the WTO.

The time is not far when the face of the economic side of the world will change with the advent of the rules and regulations of the World Trade Organization being implemented on the 1st January 2005. This is something that has been on the cards for a very long time and it was being planned and European Union has been a prime example that it could be a great success. All the economies and the …

…winners. All in all it does promise some really tough times for the firms. The business world will change and the operational and the service side firms might find it difficult to survive but it will definitely not be impossible. After all it is all about making sure that the markets become more efficient in the long run and that is something that all the economists have preached on and on for ages to come.