veloping economies still struggling to obtain the means of processing their primary export, have hopelessly pathetic chances of developing (Stoeckel 2000). Most frightening however, is the WTO’s encouragement - through the use of anti-unilateral trading rules - of small vulnerable nations to pool together their trading power (WTO Online(3) 1999). An action which fosters the development of a scenario likeable to Florence Chong’s “Slow out of the blocs”. Chong describes a future where three economically continental super-blocs – euro, yen and dollar – form a tight multilateral trading arrangement, that isolates those economies who cannot secure their trading partners. At present, this includes Australasia and “the economic backwaters of the world”6, Africa and the Indian sub-continent. Within such a future, those countries not in supranational trading blocs, are denied access to “half of all global imports” 6. To this degree, it doesn’t seem as if the WTO wants to unite the world’s trading arrangements. In fact, its motives would appear simply to capitalise on those trade arrangements occurring between the three proposed regional trading blocs; a move which would almost certainly cleave a planet’s trading arrangements in two, with one side geographically and economically disadvantaged.For all of these reasons, I have decided that the WTO should be abolished. Inefficiency is nothing compared to poverty and greed. Why is it that we must always compete so viciously that someone must get hurt? Where does growth really lead, but to one’s overindulgence and another’s lack thereof? More humanitarian ideals are necessary, if we as a global entity are to truly unite. No organisation which fosters monetary gain over sub-standard living, should ever be backed so powerfully by such greedy nations. By simply existing, the WTO serves as figurehead of ...
