1.Globalization is not new, though.

For thousands of years, peopleand, later, corporationshave been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914. world's markets and businesses. world's markets and businesses. Two major recent driving forces infrastructure and the rise of the internet. In general, as economies become competition. Thus, as globalization becomes a more and more common feature of world economics, 3.The WTO and the International Trade Centre (ITC) ITC is the joint cooperation agency of UNCTAD and WTO for business aspects of trade development. Originally created by the General Agreement on Tariffs and Trade (GATT) in 1964, ITC has been operated since 1968 under the joint aegis of GATT/WTO and the UN, the latter acting through the United Nations Conference on Trade and Development (UNCTAD). It is the focal point in the UN system for technical cooperation with developing countries and economies in transition in trade promotion and export The Joint Integrated Technical Assistance Programme (JITAP) through which the three organisations provide Trade Related Technical Assistance (TRTA) to selected LDCs and other African countries, mainly focusing on building their capacity to participate in the trading system. The Integrated Framework for Least Developed Countries (IF) Within the IF, the WTO not only cooperates with ITC and UNCTAD, but also with other main agencies and institutions, namely the IMF, UNDP and the World Bank. WTO participates also to the Business for Development (B4D) initiatives. Regional B4D meetings are regularly organized with the support of WTO Secretariat, UNCTAD and the Geneva-based Missions. JITAP, the IF and B4D are specific examples of Aid for Trade a much wider initiative aimed at helping developing countries, and the least-developed in particular, to build the supply side capacity and trade-related infrastructure they need to benefit more from trade opening and the WTO.