Assess the performance of WTO in achieving its mission of ending extreme povertyand promoting shared prosperity.

The World Trade Organization (WTO) was established with the mission of promoting free trade, which in turn is expected to lead to economic growth, poverty reduction, and increased prosperity. However, the performance of the WTO in achieving these goals has been a subject of debate.

1. Trade Liberalization: The WTO has been successful in reducing trade barriers and promoting liberalization. This has led to an increase in global trade, which has contributed to economic growth in many countries. However, the benefits of trade liberalization have not been evenly distributed, leading to increased inequality in some cases.

2. Dispute Resolution: The WTO has an effective dispute resolution mechanism that has helped resolve trade disputes between member countries. This has contributed to a more stable and predictable international trading environment.

3. Inclusion of Developing Countries: The WTO has made efforts to include developing countries in the global trade system. However, these countries often lack the capacity to fully participate in and benefit from the system. The WTO has been criticized for not doing enough to address this issue.

4. Poverty Reduction: While trade can contribute to economic growth, it is not a panacea for poverty. The WTO's focus on trade liberalization has been criticized for neglecting other important factors in poverty reduction, such as social protection and income redistribution.

5. Promoting Shared Prosperity: The WTO's mission of promoting shared prosperity has been challenged by the increasing inequality within and between countries. While some countries and groups have benefited greatly from trade liberalization, others have been left behind.

In conclusion, while the WTO has made some progress in promoting free trade and resolving trade disputes, its performance in achieving its broader mission of ending extreme poverty and promoting shared prosperity has been mixed. More needs to be done to ensure that the benefits of trade are more evenly distributed and that developing countries are better equipped to participate in and benefit from the global trade system.