The Role of the World Trade Organization in Globalization - Coursework Example

This can only be learned from contemplation of how different markets around the world behaves and what is required to create a strategy that would keep the organization relevant even in the long run.... In a global business environment, every business in the world is competing with another business in the world, as long as they are in the same sector.... If a firm in one market in the world is unable to meet the competencies in the global economy, the firm will be pushed out of the market by a firm that is far away in the world....

(Aase, 2004) Then there are the agreements that are signed on a global scale that eventually lead to world bodies like the world trade organization (WTO) and others.... This essay "world trade organization" makes an earnest endeavor to pinpoint the grey areas when one touches the finer aspects related to globalization and WTO, which in this day and age are interesting and debatable topics.... International transactions speed up as the world bodies like WTO, WIPO, IMF and the like play their role in a more coherent and active manner....

The assignment "globalization of Economic Processes" focuses on the globalization phenomenon and the main factors of driving economic changes.... nbsp;globalization is the process of linking worldwide markets, with a rising interdependence amongst states participating in international business.... It is not a new phenomenon since the earliest indicators of globalization date back in the 16th century, when road transport facilitated the movement of people and goods from the Roman Empire through the Silk Road to China....

Then, international trade laws and role of world trade organization are discussed.... Rules, laws, and regulations of world trade organization (WTO), as a unique international trade body, are given particular focus.... The argument starts with a discussion of globalization as a process.... In present argument, a statement is made about globalization as a historical process which has immensely shaped international trade and global economy....

the world trade organization (WTO), founded to supervise and liberalize the international trade in the post-globalization era, was officially initiated on January 1, 1995, with the actualization of the Marrakech Agreement.... With 150 odd members and representing more than 97% of the world trade, WTO performs multiple roles.... These activities only caused… However, one can surely say that these activities of humans or countries do not result in development only, as the same physical and mental activities have resulted in destructions to earth as That is, in the quest to achieve economic development, countries aided by economic initiatives like world trade Organisation (WTO) are indulging in many constructive activities for the development of people, including the environment....

Hence this can be seen as a positive from the domains of the world trade organization (Berberoglu 2005).... The negative aspect of the world trade organization is that the not so rich countries are at loggerheads with this organization on a consistent basis, and thus the reason that there are serious disparities in the working of this global body.... The author focuses on the world trade organization the main purpose of which is to supervise and liberalize the trade regimes which are present within the world....

Over a third of all world trade activities occur within the framework of such agreements.... Nations across the world have therefore had to adapt to the changes brought by globalization, and one of the ways through which they have done this is through joining regional organizations hence regionalism.... This paper discusses regionalism as a way of adapting to changes within the world economic system.... Vincent (2010) explains that the world's economic climate has experienced a great transformation as it has continued to evolve....