P/E/255. Why are developing countries joining WTO?

The paper seeks to answer the question why developing countries (DCs) are attracted to join World Trade Organisation (WTO) despite the toughening of the international trade regulations. The reasons behind the WTO shift for stricter regulations are discussed in the context of international policy; the benefits of capitalisation with a more rule-based system are argued; comparison between WTO and General Agreement on Tariffs and Trade (GATT) is drawn; the need of WTO for DCs is highlighted.