StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

What, if anything, is wrong with the World Trade Organisation - Essay Example

Cite this document
Summary
Since its inception in 1995, the World Trade Organisation (WTO) has been both heralded and criticised for its influence in the negotiation and implementation of global trade initiatives. Consisting of over 140 member nations, the Geneva-based WTO acts as an independent entity…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
What, if anything, is wrong with the World Trade Organisation
Read Text Preview

Extract of sample "What, if anything, is wrong with the World Trade Organisation"

Download file to see previous pages

The WTO has been cited by some as not taking a proactive approach to evaluating the health issues affected by its agreements, lacking a formal in-house body to regulate the impact of trade on global health (Kimball 2006, p.189). This pertains especially to issues when dealing with imports of beef that have contained traces of mad-cow disease or simply when products are questioned by participating members as being linked to a potential health hazard. The suggestion of WTO critics is that the World Trade Organisation merely relies on its Dispute Settlement process that is only effective after a health situation has arisen and does not have a system in place that scientifically examines potential health consequences of trade agreements to the indigenous population that is receiving goods.

This could be true of the WTO, but contributing literature suggests that the WTO consists of several regulating bodies that do, indeed, maintain particular expectations for notification of trade modifications. For example, the Sanitary and Phytosanitary Committee within the WTO aggressively analyse animal and plant safety using internationally-developed standards to assess potentially hazardous trade items. After carefully examining the World Trade Organisation website, it would seem that the core of the WTO consists of a multitude of regulating committees that are each assigned a specific task, often dealing with proactive issues.

It is often the practice of humans to attempt to locate an entity with which to point the proverbial finger when it comes to assigning blame for health issues. In the case of the WTO, it would seem that these allegations for taking a less-proactive stand on health issues in global trade are virtually unfounded. The WTO has also been criticised for its inability to enforce its members agreements. When China ( a rapidly emerging

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What, if anything, is wrong with the World Trade Organisation Essay”, n.d.)
What, if anything, is wrong with the World Trade Organisation Essay. Retrieved from https://studentshare.org/miscellaneous/1536448-what-if-anything-is-wrong-with-the-world-trade-organisation
(What, If Anything, Is Wrong With the World Trade Organisation Essay)
What, If Anything, Is Wrong With the World Trade Organisation Essay. https://studentshare.org/miscellaneous/1536448-what-if-anything-is-wrong-with-the-world-trade-organisation.
“What, If Anything, Is Wrong With the World Trade Organisation Essay”, n.d. https://studentshare.org/miscellaneous/1536448-what-if-anything-is-wrong-with-the-world-trade-organisation.
  • Cited: 0 times

CHECK THESE SAMPLES OF What, if anything, is wrong with the World Trade Organisation

Does Australia Violate the GATT Articles

the world trade organisation (WTO) is one such body which is a contract enforcing governments to maintain their trade policies within the agreed upon rules.... Countries may be free to carry make laws and carry out discriminative trade activities within their borders.... The core objectives are to set and enforce rules for global trade, to offer a forum for negotiating and scrutinizing further trade liberalization and to settle trade disputes....
13 Pages (3250 words) Essay

Trade Liberalization and Global Governance by the World Trade Organisation

The paper "Trade Liberalization and Global Governance by the world trade organisation" supposes that indirect subsidies in the form of government assistance to industry aimed towards the enhancement of efficiencies, quality, superior management, and modernization seems to be the best way to assist domestic industry to compete in the world today.... Trade liberalization and the world trade organisation accords have meant that it is becoming more difficult for national governments to impose tariffs on trade to assist the domestic industry and to control the domestic market....
12 Pages (3000 words) Coursework

What Are the Issues Facing the World Trade Organization

hellip; 2006 is a tumultuous year for the world trade Organization.... The organization finds itself at a crossroads in addressing the global trade imbalance between rich and poor countries.... trade liberalization aimed at the economic development of poorer countries through export growth hangs in the balance, with the United States and European Union poised as spoilers.... The founding principles of the WTO – trade liberalization that yields a rising tide that raises all ships; and the fair and timely resolution of trade disputes – hang in the balance as richer countries are reluctant to proffer greater access to their markets in exchange for access to markets that may lack the capacity to fully reciprocate the benefits....
8 Pages (2000 words) Term Paper

World trade organization and how does it help poor countries

Rich nations are also known to engage in behind the scenes negotiations with the world trade Organization.... After a brief description of the organization – a successor to GATT – the paper goes on to explain how the world trade Organization helps the poor nations by being a firm advocate for them.... hellip; the world trade Organization is an international, multilateral organization setting policies for the global trading system.... It settles trade disputes between its member es – one hundred and forty nine in number – and is a successor to the General Agreement on Tariffs and Trade, which was dissolved in the year 1995 to give birth to the world trade Organization in its stead....
5 Pages (1250 words) Essay

World Trade Organization

(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....
7 Pages (1750 words) Essay

The Effectiveness of the Free Trade Policies

Trade is an important part of the world today and free trade has become a necessity for the developing nations.... The following paper 'The Effectiveness of the Free trade Policies' presents the economy which is autonomous and it functions in accordance with the requirements of the modern world.... Free trade has become an important practice between two nations these days.... hellip; This free trade can help the countries to develop as a nation as the goods can be exchanged freely....
8 Pages (2000 words) Case Study

The Integration of Trade into the World

world trade has been increasing at an average rate of six percent for the last 20 years, which is twice the rate of world output.... The paper 'The Integration of Trade into the world' presents multilateral trading systems that are present in contexts where there are understandings amongst different nations to share resources and use each others' domains in order to extract benefits for all concerned.... The integration of trade into the world economy has really proved helpful for the developing countries as they can promote economic growth, development as well as poverty reduction within themselves....
12 Pages (3000 words) Assignment

Personal Development for Smart People

This paper "Personal Development for Smart People" discusses stress as anything that can impact on a person's well-being.... It could be angst, anxiety or anguish; it could be melancholia or ennui, a feeling of boredom or extreme lack of interest in anything.... Most people associate the word or feelings of stress with anything that is negative, it connotes something bad.... It is a feeling that is at times quite hard to define, as it can be tangible and also intangible, resulting in the sort of feeling unease about something but the person concerned cannot exactly pinpoint what is causing him or her stress....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us