WTO Impact and Helping Enter New Markets - Dissertation Example

Download file to see previous pages The global economy has greatly benefited from the increased trading activities that have been fuelled by trade liberalization. Hence, there are many companies that have tried to take on the challenges and be able to get into the different countries and capture the demand of their respective domestic markets. This strengthening of the global trading system has further expanded the global marketplace where companies can have access to different areas where they can sell their wares as well as be able to enhance their production capabilities. It is important to note that this has been supported greatly by the anti-discrimination principles of the Most Favored Nation (MFN) rule as well as the National Treatment rule which has enabled the different companies from different countries to be able to have fair treatment (Hoekman 2001). Still, there are criticisms of the global trade organisation. In fact, Rose (2003) even alleges that the WTO does not really contribute to the growing trade between nations. Furthermore, there have also been allegations that the organisation is merely a pawn used by rich and powerful countries and companies to advance their self-serving interests and be able to take advantage of the resources from other countries.

Also, there have also been conflicts that have come between policies from different nations with those of the WTO. Among these have been the labour policies and the now increasingly pressing environmental policies. Through the past decade, there has been increasing awareness of the effects of global warming. Hence, different countries have been growing more concerned about the need to protect the environment and mitigate the impact of pollution in the environment. Therefore, there have been increasing regulations that different companies must abide by in order to reduce their carbon footprints. However, there is the risk that these policies may be interpreted as protectionist in nature rather than as a protection for nature. ...Download file to see next pages Read More