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The creation of the World Trade Organization (WTO) in 1995 was a watershed in the history of trade among nations. The WTO is the only international body dealing with the rules of trade between nations. At its heart are the WTO agreements - the legal ground rules for international commerce and for trade policy. The agreements have three main objectives: (a) to help trade flow as freely as possible, (b) to achieve further liberalization gradually through negotiations, and (c) to set up an impartial means of settling disputes. The rules and procedures of the WTO offer opportunities and, simultaneously, pose challenges for the economies of member countries. In India, small enterprises - the engines of economic growth - provide livelihood, check rural-urban migration, generate export earnings, and touch upon the lives of the most remote and marginalized people. How has the WTO impacted the growth and performance of India's small enterprises? This book explains and examines the impact of the WTO on various aspects of the functioning of these small enterprises.
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