What do you think is the impact of the World Trade Organization to the economy?

Answer 1

The WTO as a group can have an effect on the economy. It does work as sort of a pseudo public sector faction, which has less effect than a true private sector player, but the impact that the WTO can have by increasing or decreasing trade from one country to another country can seriously increase competion and decrease prices throughout the world.

WTO lossens=prices drop

WTO tightens restricstions=prices increase

Basically, the WTOs objective is to loosen trade, so prices should drop.