About world Trade organization (WTO) impact on environment - Research Paper Example

Download file to see previous pages... 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. At the same time, certain destructive or dubious activities are carried out by the people or country because of WTO, destructing many lives. Like a simple rope which can also be used to constrict one’s neck, the development activities of WTO have turned out to be life destructive activities, damaging the lives of the humans themselves as well as the earth’s environment in which they live. Apart from the highly industrialized countries, this phenomenon is also happening in developing and least developed countries (LDC), mainly after the inception of WTO. So, this paper will analyze how WTO causes environmental problems and also avoids it.
Among the many economic based movements, globalization is the one which had and is still having major impact on the economic development of many countries and its people worldwide. Economic part of globalization is the key because with the whole world becoming a kind of global village, barriers between the countries are broken with integration happening mainly in the economic aspects. After the advent of globalization, the main initiative which opened up the markets of the countries is the establishment of WTO in 1994. 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. While supervising and liberalizing international trade, it deals and oversees trade regulations between participating countries, then it provides a platform to negotiate and formalise trade agreements, even while solving any disputes that may arise during the ...Download file to see next pagesRead More