World Trade Organisation Essay -- essays papers

World Trade Organisation The official World Trade Organisation web site, defines the WTO as the further global international organisation dealing with the rules of trade between nations . . . through helping producers of goods and services, exporters, and importers (to) conduct their business1. It was formed in 1995 after growing out of and extending the constitution of the General Agreement on Tariffs and Trade. As of the thirtieth of November 2000, the WTO has 140 member-countries, over three-quarters of which are developing or least-developed countries. As the WTO implies, its current role is to serve as the lubrication for the joints in the engine of globalisation although just how effective and fair this lubrication may be, is still a point of great contention. The WTO preaches that its purpose and effect are to meliorate the welfare of the people of the member countries2, and it claims that this is achieved by administering trade agreements, and monitoring and handli ng trade disputes. This essay will test the truth in this statement, of whether or not the actions taken by the WTO have failed to further enhance the welfare of the people of its member countries, and if so, whether the WTO therefore needs to be either reformed or plain abolished. The criteria by which I will assess this truth, takes into account the three major arguments that are held against the WTO, with regard to its affect on the welfare of the people of its member countries. unity of these arguments is that the international rules the WTO authors, consistently favour multinational corporations at the expense of workers and small farmers. Another argument is that by removing trade barriers as the WTO seeks to achieve, jobs are exported to lower jade cost countries where the standards to which the labourers are subjected, are below what is internationally accepted. The final main argument against the WTOs aims that is raised, is that if countries cannot make their indus tries globally competitive, they will experience a set in their peoples standards of living. Judging the results of these arguments, will allow me to decide whether or not the WTO is in need of reform, abolishment, or if it should continue without alteration. The basic predate of the WTO is to open up trade between nations, and one of its potential disadvantages is that its opera... ...) Slow out of the blocs The Australian February 1 p.28.Mitchell, A. (2001) Let community have its say The Australian Financial Review March 7 p.6.Steketee, M. (2000) Unhappy days are here again The Australian June 17 p.4.The Australian (2000) Fabric of the fair go ripped to shreds June 17 p.4.InternetEbeling, R. (2000) Free Trade Versus ProtectionismON-LINE http//www.freerepublic.com/forum/a3950b6be763d.htmS-11 Online (2001) Frequently Asked Questions FAQON-LINE http//www.s11.org/s14/s11.htmlSirico, R. (2000) Free Trade and Human Rights The Moral Case For EngagementON-LINE http//www.freerepubli c.com/forum/a392420130b93.htmWills, J. (2000) Multinationals and the Poverty marinerON-LINE http//www.unfairtrade.co.uk/pov/articles.shtmlWTO Online(1) (1999) 10 Benefits of the WTO Trading SystemON-LINE http//www.wto.org/english/thewto_e/whatis_e/10ben_e/10b03_e.htm WTO Online(2) (1999) 10 Benefits of the WTO Trading SystemON-LINE http//www.wto.org/english/thewto_e/whatis_e/tif_e/fact1_e.htmWTO Online(3) (1999) What is the WTO?ON-LINE http//www.wto.org/english/thewto_e/whatis_e/whatis_e.htm