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Summarise the fundamental arguments critics levy at the WTO. What is your own assessment of the WTO in dealing with international trade and investment regulations Use other academic literatures and real world examples to justify your position - Essay Example

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What is your own assessment of the WTO in dealing with international trade and investment regulations? Use other academic literatures and real world examples to justify your position.
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Summarise the fundamental arguments critics levy at the WTO. What is your own assessment of the WTO in dealing with international trade and investment regulations Use other academic literatures and real world examples to justify your position
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Summarise the fundamental arguments critics levy at the WTO. What is your own assessment of the WTO in dealing with international trade and investment regulations Use other academic literatures and real world examples to justify your position

Download file to see previous pages... ers, emanated from an argument that both the content, which continued to condone protectionist policies in some areas, and the “single-undertaking” nature of the Uruguay Round of Agreements had led to uneven distribution of the benefits of trade liberalisation, creating a development deficit in the trading regime (Gill 2000:123; Cho 2004:223). Furthermore, this was an issue which the more developed Members, interested in keeping to the status quo, were unwilling to address (World Bank 2001:60) and thus limited the voice of the developing country delegates. The external protests during the third WTO Ministerial meeting in Seattle was arguably unrelated to the internal discord. The demonstrators were concerned with the way in which international trade law was beginning to intrude upon domestic issues. Recent decisions by the WTO dispute settlement body1 had convinced environmental NGOs that the WTO promoted the economic objectives of multinational cooperations and did not give enough consideration to the social issues involved in trade. Labour NGOs were concerned that multilateral trade rules did not offer any protection to workers.
Discontent at the WTO’s prioritisation of economic globalisation, seemingly to the detriment of social and human rights issues, put the organisation in a position of defending its own existence by the time of its 10th Anniversary. The Sutherland Report2 sought to not only defend the international trade regime led form of globalisation, but also the isolationist approach of the WTO, as a self-contained regime whose rights and obligations were not to be impacted upon by other multilateral regimes (Pauwelyn 2005:334). This lack of coherence of the WTO regime with other international bodies was seen in many of the findings of the WTOs dispute settlement regime and the regime’s strong judicial process, compared to its slowly moving legislative mechanism, was a source of further criticism. In an unwelcome change from the days of the ...Download file to see next pagesRead More
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