Globalization and WTO Expansion
What happened
The expansion of globalization and the World Trade Organization (WTO) in 1995 accelerated the flow of goods and services across borders, promoting free trade. This expansion facilitated economic growth and integration among member nations, while also raising concerns about labor standards and environmental impacts. The WTO's role in shaping global trade policies continues to influence economic relations and development strategies worldwide.
Literary impact
Globalization and the expansion of the WTO in 1995 were critiqued in anti-globalization poetry that addressed cultural homogenization. Poets like Arundhati Roy expressed concerns over the loss of local identities, advocating for cultural diversity through their verses.
Source: Wikipedia