Paper Details  
 
   

Has Bibliography
8 Pages
1931 Words

 
   
   
    Filter Topics  
 
     
   
 

Evaluating the WTO

As harmless as these protestors seem now, a steady increase of them will soon lead to political trouble for many nations, Friends of the WTO face an enormous challenge in dealing with these groups and responding to the charges they make. (Irwin)When states interact as mercantilists, as in their interest of national wealth, they are not guided by the same invisible hand that we as individuals enjoy when we act in our interests of personal wealth. Politicians must strive to understand this, because time and time again the interests of the people are overlooked in the interests of politics. In order to create a fair global playing field, the WTO has been created to set and enforce its rules designed to facilitate economic interaction in an effort to liberalize international trade. The WTO has thus been given the ability to force the accountability of governments, through its membership requirements, its ability to arbitrate disputes, and its ability to punish its members. A world without the WTO would most likely be characterized by a RATT, the regions agreement to talk and talk, as this world would most likely consist of a number of large regional blocks, which interact with each other in a manner close resembling the GATT. The future agenda of the WTO should remain focused in order to keep it productive in the name of liberalizing trade. The hardest duty of organizations such as the WTO is its duty to serve and assist developing nations around the world, where giant leaps in the standard of living are most easily made, and where human tribulations are the most commonly found. Fundamental restructuring may be needed to balance the power in the WTO, so that developing countries will have stronger influence on the policies enacted and how they are enforced. If the WTO can keep its mind clear and speak the interests of all its members, then it will make great strides in improving living standards around the world. ...

< Prev Page 6 of 8 Next >

    More on Evaluating the WTO...

    Loading...
 
Copyright © 1999 - 2025 CollegeTermPapers.com. All Rights Reserved. DMCA