In situations such as this, countries have no choice but to cut back on funds that would have otherwise been allocated to education, food provision, and health care. The WTO faces a lot of criticisms from least developed countries for various reasons. Least developed nations feel that the WTO does not effectively represent their interest because they still face high tariffs and quotas. The least developed countries have argued that the WTO favors developed nations such as the European Nation through protectionism. Least developed countries have either farming or manufacturing economies.
Protectionism restricts access to markets and cuts exports.
In a sense, protectionism is the opposite of liberalization. Least developed countries feel that they have no power in the WTO because don t have the manpower to attend the WTO s meetings. They also lack the legal framework and expertise that is required for arguing before the WTO s dispute resolution body. As a result, most of the unfair trade practices against least developed countries go unnoticed. Critics request that the WTO should include all members in its meetings.