World Trade Organization

Paper Summary:

This paper begins by providing a summary of the mission statement of the WTO and identifies stakeholders and their respective positions regarding the organization's future evolution. It discusses the charge that has been made that the WTO enables multinational corporations to be intrusive to certain segments of societies. It evaluates whether the charge is valid and looks at the future prospects of the WTO.

From the Paper:

"What is the World Trade Organization? This multi-national group has more than 140 members, which account for over 97% of world trade. At this time, there are about 30 others discussing membership. The entire membership makes decisions, most usually by consensus. The WTO can use majority voting, but majority voting has never been used in the WTO, and was "extremely rare under the WTO's predecessor, GATT" (WTO.org). The main office is located in Geneva, Switzerland, and there are no branch offices. About 550 people work for the organization, including a director-general, who heads the organization. The mission statement of the WTO is complex and varied."

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