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

Comments (0) 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 paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
What, if anything, is wrong with the World Trade Organisation
Read TextPreview

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 pagesRead 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
Comments (0)
Click to create a comment or rate a document

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

World Trade Organisation (WTO)

...?Answer As far as the origin of World Trade Organisation (WTO) is concerned, it is worth mentioning that initially an international organisation widely known as the General Agreement on Tariffs and Trade (GATT established in 1948) used to exist that was substituted with WTO in 1995. Indeed, WTO should be called an extension of GATT because the latter organisation focused on minimising tariffs on goods only to enhance trade. Nevertheless, WTO focuses on eradicating barriers (such as quotas, protectionist policies, duties etc.) on trade of goods and services. Another characteristic of WTO is that it endorses the idea of free trade agreements followed by resolution of conflicts and ‘trade negotiations’ among nations (BBC Profile, 2011...
1 Pages(250 words)Essay

The World trade organisation

Running Head: World Trade Organisation World Trade Organisation [Institute’s World Trade Organisation Introduction The ‘World Trade Organisation’ is a global entity that is responsible for creating and regulating different statutes and policies for trading of goods and services on international level. According to the BBC (2011), “the World Trade Organisation is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation. Their mission is to help firms and producers of goods and services, importers and exporters improve their profit.” Advantages WTO has a number of benefits. Firstly, WTO’s trading sys...
2 Pages(500 words)Essay

World Trade Organisation Law

...Issue relating to the World Trade Organization Dispute Settlement Procedure Burden of Proof Our essay will focus on the notion of Burden of Proof in the World Trade Organization Settlement Procedure. Before defining the different notions around evidence, we have to understand the notion of Burden of Proof and explain who has to bear it in a dispute settlement The burden of proof is as described in European Communities - Anti-Dumping Duties on Imports of Cotton-Type Bed Linen From India (2001) quoting Canada - Measures Affecting the Export of Civilian Aircraft (1999) "a procedural concept which speaks to the fair and orderly management and disposition of a dispute"1More commonly; it is the responsibility of producing sufficient evidence...
8 Pages(2000 words)Essay

Dispute Settlement in the World Trade Organisation

...Dispute Settlement in the World Trade Organisation Introduction At the heart of the multilateral trading system created in the 1990s is the World Trade Organisations's and its dispute settlement procedures. It is through these procedures that the many kinks of the international trade flow are worked over. In a world of intense global competition member states of the WTO are attempting to pave the way towards a more just and organised trading system by affecting positive change and finding just ends to economic conflicts through dispute resolutions. Yet there are many who question the viability of the dispute settlement system of the WTO. While the leading superpowers of trade, the United States and Europe, struggle over questions...
10 Pages(2500 words)Essay

World Trade Organisation

...World Trade Organisation Submitted by: Table of contents Introduction3 World Trade Organisation..3 Useof contingent trade protection.4 WTO dispute settlement systems...5 Mutually mercantilism6 Criticism to the World Trade Organisation.......6 Conclusion..7 Reference8 Introduction The World Trade Organisation is based on rules which help prevent discrimination among trading countries, allow the countries to have market access and also help in the elimination of trade barriers. These rules also ensure that there is stability in trade relations and eliminate trade practices that are unjust. The rules of the World Trade Organisation have been put into a series of treaties and policies which it maintains. The organisation has...
12 Pages(3000 words)Essay

International Trade - World Trade

...International Trade As reported by the World Trade Organisation in 2005, world trade in merchandise grew at an average of 7 percent per year between 1955 and 2004. Identify and critically discuss four factors that may have contributed to this over this period. 30% (600 WORDS) Much have been written about the factors contributing to the marked growth of trade between the years 1955 and 2004. Several factors have been mentioned and speculated to have contributed to such growth. However, I personally believe that the four factors that may have contributed to the growth in merchandise in world trade between 1955 and 2004 are the following, but not necessarily in order: 1) the advent of and significantly rapid advances in information...
8 Pages(2000 words)Essay

Trade Liberalization and Global Governance by the World Trade Organisation

...International Business Management Globalisation has resulted in the transformation of the way in which international trade is governed and the manner in which governments can control trade across their borders. Trade liberalisation and the World Trade Organisation accords have meant that it is increasingly becoming more difficult for national governments to impose tariffs on trade in order to assist domestic industry and to control the domestic market. Trade liberalisation has also meant that markets around the world have become more competitive and industries have to compete on efficiencies, modern methods of production, sound management and the utilisation as well as the development of skills. Governments, therefore, have to use more...
12 Pages(3000 words)Coursework

The World Trade Organisation

...The World Trade Organisation - Uncovering the Truth behind the Accusation that the WTO is Benefiting Richer Nations to the Detriment of the PoorerOnes - Student’s Name Instructor’s Name Subject / Course Date Total Number of Words: 1,986 Table of Contents I. Introduction ………………………………………………………………. 3 II. Thesis Statement ………………………………………………………… 3 III. Advantages and Disadvantages of Joining the WTO ………………... 4 a. Advantages ………………………………………………………. 4 a.1 Increases the Overall Economic Activities in Developing Countries …………………………………. 4 a.2 Widening the Business Opportunity by Widening the Available Target Market ……………………………….. 5 a.3 Narrows Down the Poverty Rate between the Developed...
18 Pages(4500 words)Essay

World Trade Organisation Capability to Meet the Challenges

...Assess the WTO's Capability to Meet the Challenges of the Multilateral Agenda Introduction World Trade Organisation (WTO) is an international welfare organisation entrusted with the responsibility of improving trade operations. In this regard, WTO has formulated and implemented different trade policies based in which trade barriers are reduced. Additionally, WTO ensures that discriminations in trade operations are minimised. Besides, the prime objective of WTO is to enhance global trade operations (World Economic Forum, 2010). Presently, the trade policies of WTO are seemed to be ineffective owing to different factors that include financial crisis during the period of 2008-09 and origination of sovereign debt crisis in the European...
3 Pages(750 words)Essay

Managing Emerging Technologies: The World Bank Group

information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, fina...
11 Pages(2750 words)Case Study

Potential Benefits of International Trade

Conditions set for international trade have also changed in various nations. Today, interdependent is evident due to various global distributions. Examples are; transportation systems, the internet as well as satellite communication systems.
The establishment of WTO (World Trade Organisation) promoting equity in nations’ status, the international monetary Fund (IMF) besides the World Bank, has made stronger the anchorage of international trade. These organisations aid in reducing the trade barriers across boundaries. Nelson (2000). This is a study set out to make a comprehensive and vivid answer to the question, “Which are the benefits of international trade and why are trade restrictions imposed by countries?&rdq...
6 Pages(1500 words)Coursework

The Relationship Between Security, Risk and Health in a Large Organisation

...The relationship between Security & Risk and Health & Safety in a large organisation "Assess the relationship between Security & Risk and Health & Safety in the context of a large organisation. Are they complimentary or the demands of one conflict with or inhibit the realisation of the other? Identify and discuss the implications of your assessment for the roles of the security manager". 1. Introduction The development of commercial activities worldwide has been extremely rapid; firms operating in various industrial sectors need to confront a series of challenges in order to ensure the limitation of risk related with their strategic initiatives. Within this context, the issues of security, risk, health and safety are very likely to appear...
9 Pages(2250 words)Coursework

Contemporary Issues in World of Politics Climate Change Policy

It is more than a particular problem of any specific community. In fact, climate change has a wider global nature compared to other environmental issues and it affects the people of every nation and boundary. Therefore, the issue of climate change has a far wider reach than the other environmental issues and it is an issue concerned with almost all the international communities. It is identifiable that national boundaries may attempt to prevent the movement of people and goods across the boundaries of the nation. However, when it comes to pertinent environmental issues such as climate change, these issues do not stop at borders, making them – some would argue – quintessentially global phenomena. “Climate change i...
6 Pages(1500 words)Case Study

The Origins of the Second World War

The accord at present is that it was Hitler's resolve to change the basis of European society that took the war to Europe in 1939. It was not essentially the war he was planning for; the facts propose that Hitler was intending to set up Germany for a huge conflict with Russia in the early 1940s. However, indisputably it was a war forced by his persistent pursuit of strategies that stood on race and on space (Henig, 1997).

The Second World War was originated due to the Fascist attack and the failure of democratic powers to prevent this assault. There seem to be a number of reasons for the Second World War to occur. German rearmament started after Hitler left 1932-34 Geneva Disarmament Conference, declaring that as the po...
7 Pages(1750 words)Article

Christian Dior: The Man Who Made The World Look New

However, Christian was interested only in the arts and mostly in fashion (YourNewFragrance, 2004). Even as a child he was interested in the life of the artisan community (Hirst, n.d.). Unknown to his parents, he would visit galleries and bars that were frequented by painters and writers such as Picasso and Cocteau. His parents did not allow him to pursue studies at the Academy of Fine Arts and he was forced to enroll at the Faculty of Political Science. He, nevertheless, secretly continued to visit the galleries. After four years at the Faculty of Political Science, it became clear that he would never obtain a degree from there and his mother too lost hopes of seeing him as a diplomat. In the meantime, Dior developed a wide circle...
6 Pages(1500 words)Essay

Benefit of Partnership to Company, Trade Union and Government

The John Lewis model of partnership states that the ultimate purpose of business is the happiness of all its members. Hence, when partners “share the responsibilities of ownership as well as its rewards of profit, knowledge, and power”, it is mutually beneficial to all members of the organization (ILO, 1996). The partnership can be a part of the commitment to pluralism and also a part of the non-union agenda (Bacon & Storey, 2000). The national agreement Partnership 2000 defines workplace partnership as “an active relationship based on recognition of common interest to secure the competitiveness, viability, and prosperity of the enterprise” (Doherty, 2008). The interest in the partnership has arisen due...
6 Pages(1500 words)Case Study

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale of market...
7 Pages(1750 words)Coursework

Comparing the Brave New World and Todays World

Many people had been doing this search several times and came up with nothing. Out of this seeming hopelessness and uselessness came the philosophical idea of the absurd – that Man's search for individual meaning is bound to end in absolute failure. Man has studied the cosmos and tracked the movement of celestial bodies in an attempt to find any meaning that can somehow alleviate his worries about what happens next when the real world (as he perceives it) is left behind and he enters perhaps another world where no one returned. In other words, Man tried to achieve immortality but apparently failed in his search.

It has as a central idea that whatever else Man does will ultimately end up as nothing. This is the cen...
8 Pages(2000 words)Term Paper

World Trade Organisation - Benefits and Beneficiaries

As physical boundaries become less important, an ensuing widening divide between developed and developing countries continues.
In lieu of this, the research will be looking into one of the most valuable contemporary institutions which, is primarily established to help facilitate international trade – World Trade Organisation (WTO). WTO lays down the framework for international trade. As such, WTO opens the possibility of economic benefits that may be experienced at the grassroots level if it succeeds but the current failure in negotiations only benefitted those who are not in need of it.
The study intends to attain the following. First, it seeks to understand the nature and function of WTO in international trade. Secon...
20 Pages(5000 words)Research Paper
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.

Let us find you another Essay on topic What, if anything, is wrong with the World Trade Organisation for FREE!

Contact Us