A review of the arguments for and against the World Trade Organization (WTO) and global trade.
Written in 2007; 1,091 words; 5 sources; MLA; $ 38.95
Paper Summary:
This paper presents and discusses the arguments for and against the World Trade Organization (WTO) and global trade. It argues that a synthesis approach represents the most realistic and accurate assessment of these issues. The paper suggests that while the operations of the WTO and global trade clearly serve the interests of powerful transnationals in the global marketplace, they also clearly create prosperity and opportunity for millions in less developed countries.
From the Paper:
"In this analysis, the evidence is undeniable that international trade and globalization contribute to shared prosperity in many cases; the existence of the Asian "Tigers" is clear proof of this. The case of environmental protection is mixed in this regard, as there does not seem to be any clear correlation between closed and open economies and environmental damage; there are cases of great damage in both examples. However, it is also clear that the WTO does not seem to be supporting the interests of global economic equality in promoting freer trade. Instead, as we have seen, there is compelling evidence that it is, in fact, supporting the interests of powerful corporations even against the expressed interests of western nation-states. Thus, the most accurate conclusion would be that while the WTO and global trade have created shared prosperity for many, they have also reinforced a structural system of global inequality supporting dominance by transnational corporations."
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